Until we close above the yellow zone I will remain bearish in the medium term , still liking period around june opex for a swing low of significance .
Most liked posts in thread: Trading XJO/SPI/AUS200
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6 months after the Trump election, our ASX 200 starts looking toppy to me
It may look like a sequence of Higher Lows, Higher Highs, but MACD shows that successive Highs have ever decreasing momentum leading into them.
Definitely something to keep an eye on...
Once again XJO on the edge , given the Trump rhetoric and SP futs chances of a waterfall increasing nevertheless still cashing in partials on some shorts with the willing to reload higher on a bounce theme , still plenty of exposure to downside though so not fussed either way
Banks feeling the headwinds and sector now below March lows , XJO getting dragged down with it . I'm sticking with the bear side medium term , I still see weeks before a swing low of significance . Any pops gratefully accepted . Feb lows next hurdle
Channel dynamic was support along with gap fill , nice rejection but a pretty weak squeeze in reality , goes to show how weak XJO is , so far haven't even filled cash closing gap on a nice green SPX day . Starting a few day break this morning down coast so will miss some nice action for a few days now unfortunately , such is life . still have a relatively small core short
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