By my view I think we will at least have a short term bounce into the next couple of weeks. Seeing it already on some of the trading today. Even on the crytpo charts there is strong bounce off highly oversold conditions.
On the XJO charts if we bounce it will quickly move into the 7200-7400 accumulation zone. Let see how sentiments are in 2 weeks to see if 7600 resistance can be broken.
But with the current sentiment any bad news and US markets will pull everything down like a ball and chain.
By my view I think we will at least have a short term bounce...
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Last
7,779.8 |
Change
97.400(1.27%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,682.4 | 7,780.8 | 7,682.4 |
| XJO (ASX) Chart |