Sandwiched between two gaps:
Bears sold into NVIDIA earning at the upper gap
Bulls retaliated by buying the Trump tweet dip at the lower gap (TACO trade).
If I were to guess solely based on the chart and past patterns, I’d say it will go for a run into 6000s now. But this is a tweet-driven market. Sell the rips (don’t buy the dips) is what I am going with.
XJO - Bear Posts only (Factors which might cause the markets to fall), page-22687
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Last
8,514.2 |
Change
-36.600(0.43%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,551.1 | 8,605.7 | 8,514.2 |
| XJO (ASX) Chart |