three6phi

Aug 11, 2019 11:20 PM

Potential XAO Top 2019 Correction

All Ordinaries IndexASX

Description

⋅ Aug 11, 2019 11:20 PM

# Time culmination off the 2007 Top, 2009 Bottom and 2015 Top # Double Top 2007 # Top of price channel off 2009, 2016, 2018 Bottoms and 2011 and 2015 Tops. # Monthly RSI 70.35 - highest since 2007 Top. # Breaking the Dec 2018 bottom trend line. An opinion only - DYOR.

Trend Analysis XAO TOPS

Comments

three6phi

⋅ Aug 15, 2019 4:44 AM

Accelerating downward faster than the 2018 Top off the back of historically low 30Y US Bonds and 2Y-10Y spread inversion.