No .. i think it will head for next support at 5585 which is also the measure of the trend channel. There was some temporary dip buying today in banks but market still weak. With that said my repeat ASX short got closed out at 5750 on the second bounce back up to near the trend line and i didn't go short again (stupidly) so am not currently short asx. Probably keeping my stops too close but never wrong to take profit on a position....
Currently short MQG from 90.99 and still short NAB. Also long aud, fmg and silver (can check my previous posts on these ones under my handle) as medium term trades. Gold broke out of long term down trend channel and i think has reversed. Looking to short DAX, DOW and SP 500 but waiting for the signal ....
Am no guru!
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