For what its worth here's my 2 cents.
Dow broke out of its symmetrical triangle midway through the session but the breakout has not passed 9200 so this could be a false break with decent downside if this is the case. If its a real break - futures should give us a guide during the day - then it could bounce to 9,500-10,000 before pullback.
In terms of XAO/XJO, I personally think we'll topout on this bounce at 9240-9300. Also, I'd be selling BHP at $28-$30; RIO at $72-$75.
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Last
8,630.3 |
Change
59.900(0.70%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,570.4 | 8,632.8 | 8,570.4 |
| XJO (ASX) Chart |