The chart below is CMC's SPX equivalent.
The action this week seems like a nice complete or near complete Fib structure.
One grid is on the action as is and the other says perhaps it could go a smidgin lower.
It is always possible that the market could have a significant move lower and match up the grid lines in a different way.
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |