Will preface by saying that I do not have as much experience as others or am super smart haha.
Media really only reports on what happens after the fact and it may influence retail investors. I don't trade media, just other chart, so watch other markets' indices. I don't understand impact of other instruments (eg FX, fixed income) yet but will in time. At any rate, not sure how relevant to small time fish like me but be good to get a handle on this also for medium term strategies.
As far as I can tell, ASX open is generally influenced by:
• A200 Cash futures overnight which is heavily influenced by US
• US market closes
Then as trading day progresses it pays attention to US futures, Asian/Euro market intraday/closes.
In other words, and in my limited experience, Aus follows US lead overnight and then trades intraday based upon which way it thinks US will move when it opens next session.
Throw some VIX in there also and that's my sentiment framework mate. No doubt needs refining.
You following onight markets?
IMUGENE CHART. TA only, page-11729
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Last
4.6¢ |
Change
0.001(2.22%) |
Mkt cap ! $342.1M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.7¢ | 4.5¢ | $906.2K | 19.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 9543864 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.6¢ | 1266571 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| IMU (ASX) Chart |