Would appear as if the US markets have done their normal counter rally move and topped it off with a nice doji last night.
Both the S&P and DJIA held resistance lines running down from the high and the top of the Dows rally was at this resistance AND at the base of a head and shoulders top as I discussed last week.
I was thinking a larger rally here so as to complete wave 1 down, this is wave 2 up and wave 3 to come. But after last night I am not so sure as that might have been tops. Chart:![]()
decisions decisions decisions...
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8,071.4 |
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| XJO (ASX) Chart |