XJO up modestly today +0.24%.
The index is holding at the 200-Day Moving Average. That’s the border-line between a bull and bear market.
The trend channel remains steeply down.
We have no sign yet of a re-entry signal.
We will, no doubt, see more scratching around at this level. We could even see a marginal lower level.
But, until we see re-entry signals – it’s best to wait on the sidelines.
I hope you have some cash ready to buy.
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Last
8,598.3 |
Change
2.500(0.03%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,595.8 | 8,616.8 | 8,589.5 |
| XJO (ASX) Chart |