20yr monthly chart of xjo.
To me this chart looks like it wants to test the white support lines which also happens to be the 61.8% fib from the NOV 93 low to the NOV 07 high.
With the current bearish sentiment there is a real possibility we could test that 61.8 fib which is at 3456, this month imo.
Is that a small bear flag inside a bigger bear flag?
Hopefully that white upward sloping support line can hold
Just my amature opinion
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Last
8,269.8 |
Change
57.600(0.70%) |
Mkt cap ! n/a |
Open | High | Low |
8,212.2 | 8,285.7 | 8,212.2 |
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