ASX was just returning to where it should have stopped in comparison to the US markets (probably shooting a little too high though, prob expecting the US to bounce back big overnight)
They're at their lows of end December/early January (Nasdaq well above, sp500 right on them, DJ just below)
But if there is a race to the bottom between world markets, the ASX will always win
If the US breaks down even further from here, then yes, the ASX needs to go lower
If that was it, time to head back to retest those highs again
XJO discussion, page-70
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Last
7,737.1 |
Change
-23.900(0.31%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,761.0 | 7,768.2 | 7,737.1 |
| XJO (ASX) Chart |