XJO 0.88% 7,959.3 s&p/asx 200

XJO has diverged from Asia and is in bearish pattern. Options...

  1. rvm
    992 Posts.
    XJO has diverged from Asia and is in bearish pattern. Options market indicate a turnaround, but chart pattern is ugly. Needs a close above 5435 today to break out of this fall or we may see further drop.

    XJO has had a big drop out of the -2 sigma channel on the 4h chart. XJO currently has a sell signal on my setup. Price needs to reverse swiftly or we are targeting at 5380 next.
 
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