A cardinal climax.... I think I had one of those last night, lol.
SPX came within 4 points of double-topping the June 21 high, and sits on the 200 day sma, which is also--amazingly--- the 50% retrace of the April high/July low.
A good place to retreat, especially since it is overbought---but it may well want to shoot higher.
Here, maybe BHP gives a clue...
It's gapped up to a prior gap, and has so far today retreated.... As it did at the June high upon reaching a prior gap.
SPX and BHP charts:
A cardinal climax.... I think I had one of those last night,...
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Last
8,300.2 |
Change
15.000(0.18%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,285.2 | 8,317.7 | 8,244.3 |
| XJO (ASX) Chart |