Australia's largest stock trading and investment forum Australia's #1 stock forum

XJO

Click for more information

0.23%

7,587.0 s&p/asx 200

An hour to go. Lifted off those pre-market low 4900s for a...

First 15509 Last

Share
Profile

Follow
DoctorBen

8,016 Posts.

913

20/04/24

05:22

Post #: 73434829
Share

Originally posted by DoctorBen: ↑

It appears Israel response (so far) was attacking an airbase in Iran with drones, all of which were intercepted by the Iranians. This is perhaps the last chance for both sides to deescalate as they both have now done something to save face without causing much damage.

In the meantime, markets are using these ME headlines to sell, while masking the real cause (nonsense valuations).

For SPX today, I think it may end up green today. I'd say it needs to do a weak bounce to suck it some bulls here before dumping. The pre-market red activity (down to 4900) could just be an spike to flush down existing positions before that weak bounce.

So perhaps green, unless a Iranian missile lands in Israel today.

Expand

An hour to go. Lifted off those pre-market low 4900s for a little squeeze. Lost steam though at 5000s and fell back into red.
ME tensions probably eased a bit, but hard to be sure about what those nutheads may do over the weekend.

Last edited by DoctorBen: 20/04/24

XJO Value at posting: 7,567.3
6 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 162 more messages in this thread...

First 15509 Last

Add XJO (ASX) to my watchlist