Below is a daily chart of the S&P/ASX 200.
The S&P/ASX 200 had a BO above early-January's high, reaching the highest intra-day level since May-15 or in 21mths! Areas of converging trend line's have been known to act as a path of LEAST resistance on price - similar to how price acts at the pointy end of a triangle or pennant (see current Gold Chart) - and the index could rally up through this area before a back-test and then the bull market continues. Monthly, weekly and daily momentum all continue to be bullish increasing..
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 (20min delay)
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Last
8,570.4 |
Change
-9.700(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,580.1 | 8,593.6 | 8,558.3 |
| XJO (ASX) Chart |