Everything about this chart yells bad news. If 32000 fails to hold, we are in for a 2000 point fall at best, but it will overshoot on margin calls, IMO
This one is no better. Commodities go, ASX is in trouble. Election adding doubt into the mix. China shutdowns going to hurt us. Only savior is falling currency. Once China opens up again, that will provide some relief. Shutdowns however are going to create shortages of goods in some areas. Haven't seen it this ugly in a long long time. and the ASX shows a triple top and completely failing to push through 7700 ish level
