S&P/ASX Index of Australian Listed Shares Analysis 15/10/14

FX:AUS200   S&P/ASX index of Australian listed shares
49 0 0
Long term trend: Up
Medium term trend: Down
Significant levels: 5370 (Horizontal Resistance), 5070 (Horizontal Support), Uptrend Support

This index is really down as of now. The support level held and the price is now making a move up. It's now recovering from the strong decline. As the sentiment here is currently down, I am Short with this index until Bullish signs started to appear in the charts. Though, in the short term, I think the price will go up. It might go up to the Horizontal Resistance and make Bearish signals. It might also be interesting what the price might do near the Downtrend Resistance. If the two resistance levels are broken, we could consider going Long again, but for now, we are Short here.

Trade here.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out