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Corrupt_Economy

Beautiful Bear Flag

Short
S&P/ASX 200 Index (ASX:XJO)  
Corrupt_Economy Updated   
ASX:XJO   S&P/ASX 200 Index
Trend Analysis Chart Patterns Technical Indicators asx200 ASX S&P/ASX 200 short
10
3
trendanalysis chartpattern indicator asx200 asx xjo short
A beautiful bear flag is forming. There is potential for a bit more upside over the coming week to about 5600 before we break the flag and start towards our target of 2350; a level not seen since 1996. Clearly way over bought on the daily and the super guppy has gone red.
Comment:
Rally went slightly higher than expected; and is now about ready to break down in the coming days.
snapshot
Comment:
Flag break down. Parabolic sar flipped to sell. Momentum building downwards.
snapshot

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