For what its worth and although its hard to fathom, the XJO has a slight bull skew to it. You can see an ascending triangle developing. You can see it across the other sectors, XFJ, XXJ show it quite clearly - these are also supported by the converging RSI. Yes, you could argue that all are in the three quarter break down zone, and the RSI convergence is not strong, and yes even though this market sucks the fat one, I remain positive.
Target: resistance at 5300.
For what its worth and although its hard to fathom, the XJO has...
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Last
8,060.9 |
Change
73.000(0.91%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,987.9 | 8,061.5 | 7,979.5 |
| XJO (ASX) Chart |