The XJO has had a weak bounce compared to its big brother the S&P, its now consolidating ready for its next move a potential double top I have been in and out short on this one and with all the government stimulus I have played this one wrong. Maybe I should have focus my shorts on the Aussie banks and flipped the XJO as a long.
As 1.9T of stimulus rolls out in the US economy and if the market deicides to play drunk and push the S&P higher we should see a nice rally on the XJO making new highs.
6260 would be an invalidation and you should then look for shorts.
As 1.9T of stimulus rolls out in the US economy and if the market deicides to play drunk and push the S&P higher we should see a nice rally on the XJO making new highs.
6260 would be an invalidation and you should then look for shorts.
Comment:
still waiting to be stimulated