Looks like Father Time was awake 90 and 30 cal days and did his stuff.
The chart below of XJO daily close has a couple of interesting trendlines.
The top one has several touch points.
The lower one has a bunch to the left of the chart and more not shown farther back.
They are targetting about 5700 in the not too far distance.
Probably significant should price penetrate intraday, although bear markets frquently hold supports for a day or two only.
friday fumbles
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Last
7,971.1 |
Change
105.600(1.34%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,865.5 | 7,976.9 | 7,865.5 |
| XJO (ASX) Chart |