XJO 0.27% 8,036.5 s&p/asx 200

Mon, 2 Nov, page-68

  1. 8,067 Posts.
    lightbulb Created with Sketch. 930
    So far, it followed the speculated pattern:

    * IG morning opening gap poofed.
    * Progressed within the local green up-channel, and met the upper side of the blue down-channel.
    * Arrived at 100EMA (1 Hour) region where it poofed the 5984 SPI gap.

    Closed the intraday long position ~5970. Mid-term long position (5853 --> 6150 target) still in play.

    From here, it may go back to retest the lower bound of either green, dashed-red, or blue channel. But with RBA stuff, I doubt it'll go too low.
    I am optimistic if it breaks above the blue channel, 6150 night open gap is next.

    https://hotcopper.com.au/data/attachments/2615/2615571-5e9c3b7a30db0c4a8c58fde90fc3e3ec.jpg





    Last edited by ProfessorBen: 03/11/20
 
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