XJO 0.81% 7,971.6 s&p/asx 200

Indices 08/07, page-50

  1. 6,448 Posts.
    lightbulb Created with Sketch. 1059
    Yes but the xjo doesn't have mega caps & we do have a lot of small caps

    All we need is bears to concede on the intraday xjo & we can easily get to 8000 next week
    We find out today once the real money changes hands
    It doesn't have to break above 8000, it just needs to tag the top of my channel to confirm we remain in an uptrend

    7930 is my priority fence at the close

    Futures xjo chart, bears have already conceded (unless they change their mind)
    Intraday chart hasn't (that's more important)
    Only 2 options left now, feb/march style tops until the next April style mini correction (new high, pullback/repeat) or a full market top like December 2023

    The only thing to save bears now would be a US market correction from here rather than consolidation (which I can't rule out until tonight)
    Spx gets above 5595 & I can almost rule it out
 
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