XJO 0.10% 8,214.5 s&p/asx 200

XMJThe resource sector is the 2nd largest sector in the XJO, so...

  1. 178 Posts.
    XMJ

    The resource sector is the 2nd largest sector in the XJO, so at 17.4% it also pay to monitor this sector.

    If we combine the XFJ and XMJ that's a total of 62.4% of the XJO in 2 sectors.

    Seems like we only need to watch 2 sectors to get an edge on XJO.

    I suspect its currently in a small ED (Ending Diagonal), i cant be sure its topped as the ED pattern has a nasty habit of morphing and chopping and grinding in a wedge shape before it eventually runs out of fuel and reverses hard, in this case i am looking for a strong break lower.

    So if we see XFJ and XMJ reverse lower it will suggest XJO will puke.

    We need to see a strong break of the red line as the 1st clue of a reversal.

    So all eyes on XMJ and XFJ


 
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