The S&P/ASX200 is an index that represents the 200 top stocks based on their weighted market capital in the Australian stock market "Australian Securities Exchange". The index represents 72% of the total market value of all the stocks traded in the Australian Securities Exchange. The trading hours for the ASX 200 index takes place from 10:00 a.m. to 4:00 p.m. Sydney time. This index was created back in 2000 and it started with a value of 3,133.3. The 2015 market capitalization of the index amounts to A$ 1.1 trillion, which sets it around the same market capitalization with some of the major indexes of Europe. The ASX200 is an indicator that gauges the performance of the Australian stock market and this indicator could be used as a guide by investors that want to understand how the biggest economy in Oceania is performing.
Quite Clean Ascending Triangle has formed on the ASX200 H4 - looking for a break and close in either direction for entry. Look at RR = 3 here. Potentially very good setup.
Quite Clean Ascending Triangle has formed on the ASX200 H4 - looking for a break and close in either direction for entry. Look at RR = 3 here. Potentially very good setup.
ASX 200 started a new five Elliott wave structure after the completion of correction in Februrary 2009. It has since completed four waves on a monthly scale and is now running upwards in its fifth wave which is likely to terminate around 6800 and go down to around 4500.
Why do I think so?
If we zoom in in the period from February 2016 when the fifth wave started, ...
ASX topping out, creating multiple bear divergences within a large, multi year bear flag.
Orange line = height of ASX pre gfc.
Red line = pre recession support
Blue lines = first lot of targets.
Along with the housing bubble, potential future issues with loan repayments (i.e. those who took out interest only loans), along with the flat cash rate and wages not ...
This indices is looking good for a long, it needs to break above 6150 (red line) to confirm the bullish trend. The ASX joins FTSE, NASDAQ and russel that are leading the way as the potential for a risk on move continues, short term the yen pairs are heading lower so this may take more than a few days to become a trade.
I have given the pair a wave count but it is ...
The Index recently had two fail attempts to break above6148.40 a critical resistance price point and also the trend line marked in red. Today 15/5/2018 we saw the index attempted again to breakout but failed and closed the session at 6097.80 down by - 0.61%
The Index prices are now consolidating between 6148.40 resistance and 6091.10 support. The future direction ...
S&P ASX 200 Australian index long bias.
Previous strong weekly demand level in control from around 5720. New very strong weekly demand created at 5804
Waiting for weekly highs to be solidly broken before going long again. Longs lower at weekly demand imbalance or new
daily and weekly demand zones if weekly highs are broken
Gday, i would like to put forward the case that big players the ‘smart money’ manipulated the market at the 6000 level to off load huge quantities of stock ahead of an anticipated down trend.the chart annotated shows what I think may have happened. https://www.tradingview.com/x/9i9JurqX/
This analysis is for EDUCATIONAL PURPOSES ONLY.It is NOT AN INVESTMENT ADVICE.
Is ASX 200 out of the woods yet ? Not at all but we have a FLOOR/SUPPORT in place. How did we get to this floor ? Read along.
We have a plan/road map to follow by utilising our TA knowledge. This involves more than one time frame approach and more than one charting type more than one ...
As noted in chart, multuiple harmonic patterns + 5 wave move down completing in similar zones
Two possible entries, one being shorter term and lower risk/ higher reward to risk, but other is still valid
The Index Fell and closed below 5786 a significant support price point in today's trading session indicating a possibility of prices heading down to 5600 if it fails to head back up and hold above 5786.
These are my estimated support and resistance price point based on data from Oct 2016 to date.
1. 5600
2. 5513
3. 5390
We all know that The Lucky country has too much hhold debt and the banking system is a fraud with toxic culture and incentives for brokers and lack of oversight and proper governance that has resulted in a "subprime" problem that the regulator is well aware of.
They created a product called hybrid income / pref shares (which themselves are not new but the way ...
Below is a simply 200 day ema cross system for the XJO all ords index.
I'm trying to do some out of sample testing but it just gives me errors, can someone please help me with the code???
I would really like to trade this as a long term strategy but need to confirm the data show with OOS tests. Thanks
Here is an idea for ASX 200 - this is a monthly chart so I think this plays out in the next 12-18 months. There are many key technical and fundamental indicators screaming this house of cards is about to come crashing down. It will rebound and rebound hard, with lots of government intervention and bailouts, but the writing on the wall is red.
Some facts.
1. Home ...
