XJO Weekend Charting and Chat - 6th Oct 2017, page-10

Often read quality thread, infrequent posts by myself. Thought I'd make some comments this week.
BHP and RIO both making higher highs and higher lows - bullish
Banks - sideways but I expect a bid soon as big4 Nov Divvy's nearby (ANZ, NAB, WBC)
Verdict - I lean towards XJO breaking out on the upside in time, although I would not be surprised to see a false break lower.

In some ways, reminiscent of Aug15 - Apr16 period which had a higher range of ~400 pts with a couple of false breaks thrown in for good measure.

May16 saw 10w > 35w and usher in a bull-trend, albeit the Nov16 US presidential election outlier low.

The chart of course will be the Fact vs opinion.

Good to see XMD and XSO positive moves this week.