XJO 0.20% 7,866.6 s&p/asx 200

Thinking about tonight's direction and my (slight) leaning...

  1. 315 Posts.
    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.
 
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