What is clear cut is that weekly momentum is on the verge of turning increasingly bearish - with the ass about to fall out of this market very shortly. Distribution has just about wound-up, with the commencement of bearish weekly momentum likely suggesting more downside in PA over the next several weeks to several months.
Further confirmation would be a breakdown below 5630 sup over the next couple weeks. STFR..
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Last
8,603.0 |
Change
7.200(0.08%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,595.8 | 8,616.8 | 8,589.5 |
| XJO (ASX) Chart |