3 period dynamic low today is SPI 3395 so breaks below are normally buys as closes outside are rarish.
It does suggest direction, more so on weekly.
Some of the positives for our market have been undone and few remain.
If Laundry is correct then the US is about to make new lows or at least test the lows with targets of SPX 750 and probably 575.
wednesday which way, page-37
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Last
8,295.1 |
Change
68.800(0.84%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,226.3 | 8,319.4 | 8,226.3 |
| XJO (ASX) Chart |