The xjo is now very overbought and showing signs of a major retrace, now would be a good time to be going short, especially now since the xjo is nearing all time highs.
Not to forget the dow jones index is also overbought with lighter and lighter volumes, even the experts are saying a major retrace is on the cards.
overbought
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Last
7,813.5 |
Change
-18.300(0.23%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,831.8 | 7,831.8 | 7,807.7 |
| XJO (ASX) Chart |