XJO 0.35% 8,266.2 s&p/asx 200

XJO - Bear Posts only (Factors which might cause the markets to fall), page-113

  1. 6,429 Posts.
    lightbulb Created with Sketch. 1062
    Mattresses have been thrown out to assist with a soft landing.. but the springs are broken... and they've filled them with rocks... Ouch...

    Isn't this a double top formation? What happens generally when this occurs? (So much for people following their charts)

    https://hotcopper.com.au/data/attachments/4004/4004073-eb4ac588b73002a759e60066f178a06e.jpg

    As suggested by @Whalewatcher, it could be a sideways range trading situation. Around 7150 is the top of 2020 prior to the crash and has bounced from a few times.. Maybe see what happens at that level, but if it breaks lower, goodbye... 150 points to get there.. if fast then most likely a break lower...

    https://hotcopper.com.au/data/attachments/4004/4004093-9c7505e89ea89ed702988a97017b7892.jpg
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.