Lots of bad news looking to come out on the DOW tonight.
Technical patterns in the DOW supposedly calling out a ?three peaks and a domed house? (http://thepatternsite.com/3peaksdome.html) pattern coming into play either now or in one months time - though I cant see it too clearly. Supposed target is under 10k for this pattern.
If it starts to play out I imagine the XJO will follow, potentially crashing through 4500, and possibly into the high 3k range.
But for troublesome thursday - it sounds like XJO may just hold a touch above the 4500 mark assuming we drop around 1%.
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Last
8,807.1 |
Change
-24.300(0.28%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,831.4 | 8,831.4 | 8,790.3 |
| XJO (ASX) Chart |