XJO 0.86% 7,829.7 s&p/asx 200

SPI - today... Ground Hog Day Straight down then up. Exact 78.6...

  1. 485 Posts.
    lightbulb Created with Sketch. 27
    SPI - today... Ground Hog Day

    Straight down then up. Exact 78.6 retracement (Gartley bearish pattern).  It could be forming the right shoulder of a H&S pattern but it has for the moment found support at 100% of the first range down on a double bottom so possible upside target would be around 4904.  Red targets for the downside.


    SPI 26Feb16 4pm.PNG
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.