Crunch time for Financials.
Here's the chart for XXJ (Financials x-Propety).
That support/resistance line is massive.
Momentum Indicators are by no means overbought - but elevated enough. If this is a bear market, then they're high enough for a fall. If we're still in a bull market - there's plenty of upside left. What happens next might let us into this conundrum: bull or bear?
Redbacka
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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 |