Perhaps, in a similar way to the US markets, the XJO is coming to the point where we may see make or break.
6000 is a point where our market has, well, tapped out when you really don't want it to - 2008, 2015, 2017
Then again, it got through twice in 2007, again in 2017 and 2018.
Whatever it does will be coming up soon - unless it goes into a sideways grind.
XJO Weekly Chart (there are many other forks and strange lines that I've taken off for this simple visual) but this L-term one has a long history of being magnetic.
Perhaps, in a similar way to the US markets, the XJO is coming...
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Last
3,192.3 |
Change
-20.900(0.65%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 3,213.2 | 3,213.2 | 3,189.3 |
| XSO (ASX) Chart |
