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0.55%

7,629.0 s&p/asx 200

All the Indexes are getting sold this morning. any news break?

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Gold77

980 Posts.

1

11/07/18

08:22

Post #: 34266243
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Originally posted by Double Or Nothing ↑

View attachment 1187835

XJO down - 0.44% today leading by the decline in the financial sector. It is still very bullish from the chart perspective. The level of interest is around 6250 which it broke out last Friday. Will it retest that level or just carry on its upward trajectory ? The key relies in the Financial sector XXJ.

View attachment 1187826

XXJ had a weak day and the top news coming out today is "Macquarie announced late on Monday that it would lift its variable mortgage rates, putting pressure on the big four banks. Macquarie's shares fell 0.9 per cent to $122.52 during the session"

From the chart perspective, XXJ found some resistance at the 200MA level today (red). It technically speaking still not yet bullish until it crosses 200MA line. Banks have been the major lifting force for June and any weaknesses will likely stall XJO's stellar run.
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All the Indexes are getting sold this morning. any news break?

XJO Value at posting: 6,258.1
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0 Great analysis

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