S&P/ASX 200 Index

XJO ASX

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.

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....

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

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 :-(

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...

dartde

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

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!!!

lg389

A potential scenario for XJO using Elliott Wave. Some other scenarios include an alternate placement of (IV) and an extension of (V) but this one has the best fit. I go into more detail in this video: www.youtube.com Not financial advice, DYOR.

SnipingRabbit

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02:20

mohamed.tharwat.elsherief

ASX200 Index is at critical resistance

Cranka

XJO ASX200 will bounce off upper resistance and go lower

johninvesting9

What a close for Australia ASX200, closed below 20 MA and 50 MA. If we gap down and not close above 6586 early next week then support will turn to resistance. This would indicate a pullback or correction is very likely...

OrganicFX

What is giving us clues here? Let's chat further about this in the network. Cheers and trade safe Dale

Trade_Setup

Is the pullback today the start of something more sinister or just another flush lower to clear out some of the weak hands before having a run on new highs. We can see that the momentum is fading as we run up into previous highs but we have seen this action prior to making new all time highs that start of last year. For now, the 6585 area is key to hold to support...

tradersedgeray

The XJO has had a weak bounce compared to its big brother the S&P, its now consolidating ready for its next move a potential double top I have been in and out short on this one and with all the government stimulus I have played this one wrong. Maybe I should have focus my shorts on the Aussie banks and flipped the XJO as a long. As 1.9T of stimulus rolls out in...

Analyticssage

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