xtf_ze_trader

XJO finally bullish or dead cat 🐈 bounce?🚨🚨

Long
ASX:XJO   S&P/ASX 200 Index
For the first time in 6month, XJO aka ASX200 has spent 3 days above 200MA. Bulls should be dancing as this unprecedented at least for the last 6 months.

I will try to be brief with today’s TA. Lets analyse bull cases:
- PSAR daily and weekly pointing to the bulls court
- price above 50 and 200MA
- LSMA and QLSMA both pointing up and price above their lines
- price above historic resistance 5960
I think this is bullish at least for now.

Bears case:
- price still not able to break the 6200 resistance

I think, the market is quite interesting atm and with US elections coming soon, we need to be careful with every position we take and keep out SL tight.

I will keep you posted as this market may give juicy profit when your enter at the right time.
Stay safe and dont forget to smash the likes.

XTF

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