Guys,
Yesterday's programmed sell off of ASX equities/indices was well orchestrated. They allowed the market to drift up to the most common morning swing time of 11:00am then at the high, which coincided with around XJO 4700, they began the selling.
The selling did not stop for the rest of the session all the way to the bell. So what is the likelihood they will continue today? Obviously they sold yesterday for a reason, be it concerns of a RBA rate rise next week or the prospect of the AUD continuing higher, regardless will they simply stop selling today???
The other side is, would our Insto's like to see the quarter end higher, or will they sell to lock in profits and bonus given Sept great gain?
Wish I knew and I will trade whatever happens today, but I suspect more selling today. So, if it begins I will follow it more aggressively than yesterday.
Cheers.
Guys,Yesterday's programmed sell off of ASX equities/indices was...
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Last
8,255.6 |
Change
-10.600(0.13%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,266.2 | 8,266.2 | 8,215.8 |
| XJO (ASX) Chart |