XJO 0.84% 8,295.1 s&p/asx 200

new quarter tuesday, page-40

  1. 17,444 Posts.
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    GE

    I will be correct for a day at least, lol.

    CMC 5540ish was the number I mentioned earlier as having significance for its weekly close perspective.

    Hopefully last night and todays action in making new post easter rally highs, rules out an Armstrong inversion in share markets.

    Of course Armstrong is but part of the influence and as we saw last year the Armstrong high wasn't THE high. Still with Decennial up and only May left for Pres cycle, the odds seem to be with upside.

    RSI daily will add to the positives but am in the area of my major buy/sell price but no confirmamtion yet.

    Now we have 3 gaps up in SPI from the bottom which is probably 2 too many.

    An initial gap seems common enough but 3 seems a bit unusual.

    I reckon it is going to be a very unexciting rest of the year for bulls and bears.
 
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