If we don't bounce today, or more probably after options expiry tomorrow, we could be in for a torrid time.
Maybe I'm being optimistic, but I'm leaning towards that bounce.
Here's XJO daily.
Yesterday it fell through 4600, the 50% fib (this year's high/low)and today it's at the 61.8% fib (this year's low to November high).
The red sma is the 150 day, and, were there to be another fall, that will be hit tomorrow.
Below that is a 50% fib at 4500.
u2 tuesday, page-44
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Last
7,988.1 |
Change
-25.300(0.32%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,013.4 | 8,013.4 | 7,918.9 |
| XJO (ASX) Chart |