XJO broke marginally down of the bearish rising trend.
Today was unusual with many states on holiday. Volume was low, which made it easy for traders to push the market lower.
The break may be a false break.
But if it is for real, then I've marked out the standard measure rule which shows the chart going down to major horizontal resistance.
I'd prefer to wait and see how tomorrow pans out.
RB
[ATTACH] XJO broke marginally down of the bearish rising trend....
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Last
7,959.3 |
Change
69.700(0.88%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,889.6 | 7,969.1 | 7,889.0 |
| XJO (ASX) Chart |