XLD 1.69% 1,618.9 s&p/asx 200 2 x daily leverage index

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  1. 16,642 Posts.
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    There was still quite a bit of uncontrolled selling on DCC throughout the day.
    The first down bar was pretty much just selling, and the second saw some support come in, which may have been dumped on the next bar ??   But the third completed bar (45mins after open), saw the day's floor come in.
    And while there was some support once the day's low was in, there were three bars in particular which showed buying for sure (arrowed).
    Don't be surprised if the lows get washed out yet, and if so,  for a possible trade, wait to see if the volumes become quite low, and spreads become quite narrow, then it might turn around and grind higher.
    DCC 260716.png
 
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Last
1,618.9
Change
26.900(1.69%)
Mkt cap ! n/a
Open High Low
1,591.8 1,627.5 1,591.8
XLD (ASX) Chart
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