Aus200 is making no real moves up, it's consolidating upwards, huge multiple divergence on the Awesome Oscillator, I'm looking at entry today on the 1HR and going to ride it down to 5785 and see what it does on the trend, if it breaks that. it will pullback and then a good pyramid trade can come into play.
The trend is now up, and we have a weekly 'Time at mode' signal pointing to 22.59 as the target. Risk is a drop under 19.37. You can buy dips, or speculate on copper, or on FXA or AUDUSD as well. Steel/Iron ore is also looking great, which makes this a sure buy. Shares of X or STLD would be a nice buy as well. Good luck, Ivan Labrie.
This reinforces the AUS200 short trade as miners represent a large % of the XJO You really need to look at the quarterly chart as there is a bearish pin bar, this does not necessarily mean a major sell off - but it does mean a short term pullback is likely and this pattern is in line with the macro time frame picture