I would still like to see that new yearly high above 5450 to complete this idea, i am not a fan of truncations and the ES (aka SPX cash market ) still have a set up that can see new all time highs, as does the INDU.
So above 5372, short term i will give the benefit to the bulls to rock it on higher and stick it to the bears.
Only a strong reversal would suggest a peak in place, but atm i dont yet see the evidence on this market or the US markets, for a peak in place.
I have a cycle chart that suggests a peak into the end of Nov early Dec on SPX.
That fits nicely with this idea of a push higher.
Alt idea is a small triangle (sideways zzzzzzzzz price action for a few more days).
If we do see a new yearly high, i am watching for a RSI divergence with price, that will be a good sign its a small 5th wave.
- Forums
- ASX - By Stock
- elliott wave analysis of xjo & spi
I would still like to see that new yearly high above 5450 to...
-
- There are more pages in this discussion • 72 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
Add XJO (ASX) to my watchlist
|
|||||
Last
7,943.2 |
Change
-171.500(2.11%) |
Mkt cap ! n/a |
Open | High | Low |
8,114.7 | 8,114.7 | 7,920.0 |
Featured News
XJO (ASX) Chart |