Tez8

LONG ASX - Rising Wedge and Bearish RSI Divergence Risk

Long
ASX:XJO   S&P/ASX 200 Index
SUMMARY: Long, expect to see continued fiscal and monetary support pushing asset prices higher

ASX200 is highly correlated to the S&P500 . Correction in the SPX will cause one in the ASX .


-- Technical --

It is a bearish and the price action is way above the EMAs , a correction is due.

--Fundamentals --
However, because of the government support, anticipate further upside.



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*Not financial advice and is for educational purposes only. Always DYOR.

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