Thinking about tonight's direction and my (slight) leaning towards a down move. The thing I'd overlooked is today is a Friday.
(I think) it's unusual for the indexes to be out of sync on the weekly charts - particularly at a critical time. So, with that in mind, it appears the Asian indexes have pre-empted the US tonight so that their weekly candles will be in sync with what is likely in the US tonight - ie. all candle bodies should be holding the bottom of their channels after tonight.
So, despite all my other doubts - including the futures chart doesn't look that great - for what its worth - I'd expect that the US will follow the Asian lead and probably rally back to 9000.
- Forums
- ASX - By Stock
- fridee stuff
Thinking about tonight's direction and my (slight) leaning...
-
- There are more pages in this discussion • 110 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
7,866.6 |
Change
15.900(0.20%) |
Mkt cap ! n/a |
Open | High | Low |
7,850.7 | 7,898.7 | 7,846.6 |
Featured News
XJO (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online