Just as the S&P500 MA 13 crossed over its MA50, the ASX200 chart did likewise on Thurs 15 Aug, and MA200 sitting now at 6,184 (Asx200 closed at 6405 on Fri). The last time MA13 crossed down MA50 was Sep 7 2018, and the ASX200 continued to drop 11% to reach the low of last Dec.
I am not a technical guy but the technical indicators have started to send out negative signals. But of course, we know with technicals, they all can change with a switch (that switch is in POTUS hands). And this is another case of Doing Nothing is Doing Something for both POTUS and Boris J- if they just sit and wait for their opponents to concede to their demands, they are basically doing nothing.
