XJO 0.49% 8,227.3 s&p/asx 200

Yesterday was my day for equal trading days to match the...

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    Yesterday was my day for equal trading days to match the previous two up legs.

    Didn't happen but if it does it today then close enough for me.

    With Fri/Mon being the Armstrong peak then any time now is fine.

    Momentum indicators seem to have peaked and in some cases crossed over neg and there are trendline failures while things like 10 day ma and parab SAR etc are holding bullish.

    Price sometimes turns with momentum but mostly lags and higher prices are seen while lower tops are seen in the indicators.

    So the best I can be fairly sure of is that a top happens within the next month. Last year there was a one month lag. Perhaps because of last year it will be shorter , maybe much shorter.

    How much higher can price go? Last year it was 140-150 pts after momentum top. So that would be as much as 6150 XJO and take 4 or 5 weeks for maximum divergence IMO.
 
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