If tomorrow is down then XJO 4850 would look good.
World markets are at various levels of distress.
If the best catch up to the worst then we have far to go.
A rally into expiration still makes sense to me but whether it is a one or two day affair or something larger I have no idea.
The temptation is to go long here but I have no buy signal.
Weekly indicators will be oversold this week or next few. That won't stop something severe and the position of the monthlies will be the key at month end.
rally looks good, page-21
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Last
8,226.3 |
Change
26.800(0.33%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,199.5 | 8,231.0 | 8,150.1 |
| XJO (ASX) Chart |