As per the graphic, unless CPI Wednesday is a bullish surprise or any other unexpected bullish news which you can never foresee of course, the normal course is for a decent correction
So imagining this scenario: CPI not good, iron keeps falling, aussie goes back to latest multi year high (previously was support) at
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So I had wrote a lot of text which went missing!!!!
So I was saying that the previous resistance (not support) at 7840 and even 78 is potentially a target but can't see a bigger correction unless short term fundamentals change
1) Trump gets his act together 2) Fed finds real supportive numbers specially around CPI 3) North Korea war starts 4) Iron ore and other commodities resume going down