Correction: The half retrace mentioned above is actually 2573.38. Also, earlier I left SPX tick where I should have left NYSE tick in the chart. Also I did not mention that all four indices are against or near a declining 20 day moving average and the 50 et al are of course pointing down. It helps that the 5 day is underneath current price but that is not worth much in the context of things political and needs to be looked at with caution.
Short Term Trading Weekend Lounge: 4-6 Jan, page-25
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| XAO (ASX) Chart |
