This is BEAR an easy way to short the ASX with this ETF, BEAR goes up is stockmarket goes down.
Looks like we are moving up from the bottom Linear Regression and forming a higher low as we speak. On this 2 day chart we been sitting in oversold StochRSI since the beginning of April and now is opening up to the upside. The bottom Finder indicator is @ 17 which is at its highest level going back as far we can with this chart. On the weekly is much greater at 25.
On the Daily chart the RSI had been oversold only to come out of it, while on the daily the MFI over took the RSI meaning the money is flowing in.
I do believe (looking at this chart) if I had my opinion that we will see a new low for the stockmarket and see high on BEAR, But if we break/close 11.50 than direction change and we saw bottom highs in March for BEAR.
Have a look at the ASX200 I wrote on yesterday and compare. PS, My daughter added the cat in the charts
Looks like we are moving up from the bottom Linear Regression and forming a higher low as we speak. On this 2 day chart we been sitting in oversold StochRSI since the beginning of April and now is opening up to the upside. The bottom Finder indicator is @ 17 which is at its highest level going back as far we can with this chart. On the weekly is much greater at 25.
On the Daily chart the RSI had been oversold only to come out of it, while on the daily the MFI over took the RSI meaning the money is flowing in.
I do believe (looking at this chart) if I had my opinion that we will see a new low for the stockmarket and see high on BEAR, But if we break/close 11.50 than direction change and we saw bottom highs in March for BEAR.
Have a look at the ASX200 I wrote on yesterday and compare. PS, My daughter added the cat in the charts
