XJO 0.98% 8,079.7 s&p/asx 200

Todays XJO broke back down through the supporting upper tine of...

  1. 2,829 Posts.
    Todays XJO broke back down through the supporting upper tine of the ST fork we put in last week. As soon as it did that, the obvious target was a green support tine retest

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    Zoomed for the detail

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    To get a lead on which way it will go I brought up the SPX, which broke up from it's descending fork very weakly last night

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    and had a look at the DJI, which has not managed to rally up to the Median Line of it's rising fork. That is a sign of weakness in the rally.

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    The odds are the XJO will gap down in the morning, then back test the breached green L-MLH, before it uses the red L-MLH for retreating support

    JMHO anyway
 
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