5 full days in a row below the 50 SMA on the daily....
I'm not experienced enough to be absolutely sure, but looking back a bit, that's very bearish to me...
Market finally getting a bit closer to reality...
Also, I tried to do a quick calc... bit tricky, cause we don't know the future values, but ceteris paribus, as someone else pointed out here, the 200 SMA is going to increasingly move down...We are talking 5700 ish late October/Early November..
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Last
8,561.8 |
Change
-68.500(0.79%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,630.3 | 8,630.3 | 8,544.7 |
| XJO (ASX) Chart |