XJO 0.50% 7,931.7 s&p/asx 200

wiggles wednesday, page-14

  1. 315 Posts.
    A lot of stocks with big gap up opens - obviously including the banks - and they all seem to be filling their gaps. IMO never a positive sign if a stock gaps big time then reverses immediately to fill the gap.

    SPX Futures running along top of its downtrend channel at moment. Daily MACD of 11 and RSI turning down and still 74 suggests to me a pullback tonight - maybe back to 1300 SPX Futures. A fall below that will be ugly I'd think though.
 
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