TradingView
patricktapper
Apr 20, 2022 6:00 AM

Possible top near all time high on XJO Short

S&P/ASX 200 IndexASX

Description

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.
Comments
RogueCleaner
I agree. I have bought up BBOZ as a short against the XJO.
Bond1987
good analysis buddy...
More