Yotta, I am looking for XJO to bottom around 3400 level... I missed this latest rally but if I was LONG I would of taken ALL the chips off the table by close of trade today.
We are in overbought territory in a long term down trend.
Great day today to dip the toes in the water on the short side IMO.
On another note price is sitting above 50 day ma so it could consolidate at these levels and move higher but trading is about probabilities and the most probable outcome IMO is to the downside.
We await... lol
spankyham's bull(dust) friday, page-78
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Last
7,959.3 |
Change
69.700(0.88%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,889.6 | 7,969.1 | 7,889.0 |
| XJO (ASX) Chart |