Agree, that support which I think is around 5804 will be the next target range, which also completes a nice double top. Weakness in oil and iron ore, as well as the very recent weakness in the big 4 banks, will have the momentum to reach that level. It may not reach that on Monday as US had a boomer, last night as did Europe. But the recent trend for the XJO is down, and I think it unwise to bet against it.
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- Weekend Charting and Chat - 5th May 2017
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