XJO 0.10% 7,767.5 s&p/asx 200

@gve ... Interesting night and CLOSE... That 65MA continued to...

  1. 2,596 Posts.
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    @gve ... Interesting night and CLOSE... That 65MA continued to be the "bees-knees" for resistance. L ook where it closed(actually @ 5912.5 not 5941 ... the late tick that came in 5hrs after actual market closed). Additionally, we have the LT MA's ominously looking as though they are about to go into a +Ve crossover mode, after the ST MA's had already done so(within last 10mins of trade) together with the MACD just before. The 'close' on the RSI value is incorrect(because of that late 5941 tick) so it actually closed just below the green downtrend line resistance but is still very +ve for this timeframe.

    SO, with our 'lovely' intra-night bounces from near perfect 5877 and 5895 supports, it all tells me that this should make its way towards the initial upside target of ~ 5972.5(within that 'magnet' upside GAP zone) sometime on Monday.

    SPI_MAs_311020_5min.png
 
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