A SPI chart and a few thoughts on a Monday price.
Triangle at about 6008.
0.618 of the above range is 6001.
Equal correction to Feb is 6016. Mclaren says corrections should get smaller so larger will be a bad sign.
Initial down move last May was 2X228 or 456. That gives 5996.
Next lower is 100% of upper range at 5894.
These are only targets for tomorrow and I expect we will see much lower numbers beyond.
A SPI chart and a few thoughts on a Monday price.Triangle at...
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Last
8,023.9 |
Change
-3.100(0.04%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,027.0 | 8,027.0 | 7,990.3 |
| XJO (ASX) Chart |