The one thing that bothers me about a crash now is that it is unusual for that to happen before quarterly futures expiration which happens Sep 20 here and Sep 21 in the US.
I have aways expected a probable rally high there and the likely final low in March.
The following chart showing 2 generated models, one short term and one long looks very interesting.
If the market holds up between now and Sep 14 then it could be on the money.
Worth keeping an eye on anyway.
weekend summary, page-7
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Last
8,187.8 |
Change
-67.800(0.82%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,255.6 | 8,255.6 | 8,139.1 |
| XJO (ASX) Chart |