S&P/ASX 200 Index

XJO ASX

GlobalTrader_

Looking at this monthly chart the price of the ASX 200 INDEX shows we could have a drop in the market for a few months at least starting in May. The supertrend monthly is down and the price will have to fight at as resistance if it wants to move higher. However historically it has been rejected and a drop lower occurred before it actually climbed over it. I have...

MFinlow

As you can see the XJO index is in a rising wedge this is a bearish patten and looking to brake down target is 5800

Rykin_Capital

XJO looking to tumble soon. Lagging diagonal in white is complete, married with decreasing momentum on RSI, tells me we are due for one. It is unclear for how long roughly though. Lagging diagonals usually herald an intense drop and a complex correction. We shall see, as we live in unprecedented times financially. Goals in purple. None of the above is financial...

dartde

Buoyant CSR Ltd (on ASX - green) vs peers Harvey Norman (HVN), GWA Group (GWA); indices XJO, XDJ (light green), XBK (red).

Jezza323

My analysis suggests that we might have a somewhat bullish short term outlook and then short might become possible.

Gusset_

Months of consolidation on the 1d/4hr xjo breaking Apr 6. missed opportunity to go long and add. There was a lot of bearish talk recently but here you go the xjo is moving up for now. see if the weekly chart follows. interesting to note the US E-Mini broke roughly 5 days earlier on the daily. Stalking a few setups within the index so we'll see what happens

Trade_Setup

The ASX200 is up at resistance that bulls will be desperate to break through and fend off further selling pressure. The key level for us is 6805 and then up to 6860. If the 685 level holds today then we may see a squeeze of recent buyers and push lower. The question for many now is whether the recent break of the longer term uptrend from March will lead to a...

Hodgo

Interesting times on the XJO. Being naturally prolly more a pessimist I think it will break down. But who knows and who cares. Im at peace with whatever way it goes and will act accordingly.

01:03

arjunrajeswaran

XJO in my view as of 21 march 2021

ASXSignalCentre

The ASX 200 index is looking very delicately poised. Clearly there is an ascending wedge forming but it is unclear if price will break to the downside or upside and when? Price is currently sitting on a support level from December last year. MACD has just crossed to the downside but RSI not showing overbought signals yet. Fundamentals are going to play a big part...

Mikey_Scali

After this thoroughly rough week i have noticed that among traders on the ASX fear looms have been spreading, from untrusty discord chats all the way to journalist articles. However market movements to the downside are just as normal as bullish days. In fact they are often needed to bring the market and all who trades back to reality. This post is to do outline...

CompoundingCentral

ASX:XJO 6565 levels are crucial for XJO previous swing low Second support is at the Fibonacci levels 6453 Also hitting supply zone - previous top that's in a rectangle box.

ASXSignalCentre

Rough day ahead given the sell off on US markets, fear of inflation and rising bond yields. I'm expecting a drop onto 50EMA today with possible break below to take us down to 100 EMA/bottom of channel next week or two. Buckle up :-(

Wiz_of_Oz

This graphic is self explanatory but needs to be followed daily if you trade the ASX. This is a wait & watch situation.

rutt

The XJO chart has a bearish rising wedge formation that is coming to a cross roads. Looks like a break to the downside is highly probable leading into the end of the 20/21 financial year.

ASXSignalCentre

Pretty tough week on the ASX 200. Price down around 1.5% for the week. Could be seen as a minor correction. Price has broken 50EMA and now sitting at just below a 3 month trendline and at the bottom of the Bollinger band which has historically provided strong support so we could be looking at a slightly more stable week next week as prices recover however some US...

johninvesting9

The trend is your friend, I am still bullish in this market, however, we must hold the 50 moving average on the 3 Day chart "yellow line", currently sitting at 6400. We have not closed below this level and 50 moving average for months....

Cranka

XJO AUS200 rising resistance incoming - short or long possible If Daily bounces of resistence for 1-3 days, short, finishes above for 1-3 days, LONG!!!