Jako, I enjoy reading your charting & commentary.
The Feb low of 5739.8 also seems to be a pivotal level on the XJO.
Interestingly, 5690 is the 50% Fib level of the Apr-Jul decline. Today it rejected this level and looks to be heading back into the recent distribution zone.
Last year the index bottomed Fri 8 Aug and then had a run-up into reporting season. Wonder if we'll get a similar pattern this yr?
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Last
8,140.9 |
Change
19.300(0.24%) |
Mkt cap ! n/a |
Open | High | Low |
8,121.6 | 8,150.5 | 8,121.6 |
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