XJO 0.87% 8,283.2 s&p/asx 200

Hi Anferni,And yes, the trend for xjo is still down, bulls are...

  1. 8,028 Posts.
    Hi Anferni,

    And yes, the trend for xjo is still down, bulls are not out of the woods yet, but today with where xjo has finished, looks like we "COULD" have a trend change, but confirmation is needed. Vol is only 906,745,661. It is not massive, over the next few days, I like to see a few more up days with bigger vol and if we can go pass June 21 high. Then it will confirm a trend change. Right now it's still 50/50

    I have a few index position, FTSE trailing stops is 5280, but I won't go short, and I won't add more. I will just let it run.

    AUD looks strong and usually means rally. AUD has closed above 88c, I believe next level is 92, xjo chart and audusd chart can give us a good tell tell of what is going to happen.


    if that is not a bullish chart i dont know what is.

    two higher swing bottom.
 
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