The XXJ Weekly 50% is 5354 (lower then last week). This formed resistance and sent the index down. NAB back under its weekly 50% (28.04). Banks looking sick. Lets see if CBA can find support at 52.17 and support the market. Bank shorts (CBA, NAB) from open doing nicely.
Close BHP long, looking for short. Weekly 50% is lower at 40.93 which may cap the price this week.
Im getting slightly confused why the XJO refuses to follow the SPX
