patricktapper

Possible top near all time high on XJO

Short
ASX:XJO   S&P/ASX 200 Index
Looking weak near all time high level. Coincides with last quarters R1 pivot . Divergence on Stochastic shows weakness. No volume on this index, but the facsimile ASX200 CFD shows volume decreasing. If you're long on any Australian stocks, think about taking at least partial profit.
Trade active: Very bearing price action following the U.S. Markets down. I would go to cash.

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