XJO
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0.23% 7,682.0 s&p/asx 200

Its a congestion pattern with obvious chart resistance at 875 on...

  1. peter pumpkinhead
    6,757 Posts.
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    28/04/09
    19:03
    Post #: 5063685
    Its a congestion pattern with obvious chart resistance at 875 on the SPX - similar to January except that its approached from the opposite direction. Could hover in this area for a while longer (maybe form a falling wedge or similar) - a test of the 50 sma would be worthwhile too.

    Then my bet is on another strong move upwards.

    XJO Value at posting: 175.00
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    lightbulb Created with Sketch.  Great analysis
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7,682.0 		Change
-17.800(0.23%) 		Mkt cap ! n/a
Open High Low
7,699.8 7,703.4 7,644.2
XJO (ASX) Chart
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