Monday, Dec 16, 2019, page-5

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https://www.theguardian.com/australia-news/2019/dec/16/slump-in-economic-growth-wages-and-revenue-wipes-21bn-off-surplus-over-forward-estimates

Australia’s economic growth, wages, investment and household spending have all slumped since the April budget, cutting $21bn from forecast budget surpluses over the forward estimates.


XJO upthrusting towards the top of the supply zone again, my current topping set up for Q2 2020. This coincides with the current set up for CSL which looks like it will go sideways a bit more as supply is fed and then make a final upthrust attempt to $300 in March/April next year as well. Current price action is basically the same as when it hit the supply trend line in June 2018 which is why its rally has stalled out a bit and seen high volumes recently.