Australian Equities is one of the highest leveraged markets so increase in rates will hurt equities
Plus slower consumption expected for 2022 will make resource companies drop.
Target 20% downside
I believe we will go lower to 7300 before we go higher. The market doesn’t have enough momentum at the moment, 20EMA is still lower that 50EMA.
Trade with your own analysis, I’m not a professional adviser.
Asian markets remain looking heavy as the HSI and Nikkei Daily timeframes press lower. The US has been more resilient to negative news and remains focused on inflation and interest rates. The question is how much of the good news ie/ strong economy and bounce from pandemic lows has been factored in to price action in the US. If the US start to take a hit, then...
Contrary to popular belief H&S in an uptrend bullish market is actually bullish.
Only when there are multiple H&S or at a key area of long term resistance do they
become bearish reversal, Aus200 is a perfect example of a potential reversal.
Introduction
Date: 02/12/21
Time: 11:00 AEST
Topic: Traditional markets bearish
Forecast : A drop down to about to the red weekly supply zone (currently encroaching on it). Will be watching closely to see whether we reverse and gear up again, or are in for more prolonged pain
Summary
The traditional markets seem like they are experiencing some painful...
Text me if you have any questions/comments for me.
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In the last Market Watch analysis done on 2 November (red dash line), I wrote that I would avoid the big caps (eg. Blue Chips, ASX 200 constituents) while being more selective with my purchases. Since then, the ASX 200 tested and failed to break the 7450 resistance and is now falling towards the strong...
Made a great reversal from the drop. Longterm buy should expect to be at the recent highs and add up 600 Pips more to hit 8000 as the new high. Any reversal could happen for the big drop coming or not but this could be a bullish reversal.
2 November 2021 – Market Watch
The last time I did an analysis on the S&P/ASX 200 was on 26 October (red arrow). I said that it was good that Blue Arrow No. 4 didn’t look likely to take place and that’s a good sign for the short-term. How wrong I was as the ASX 200 quickly retraced to fall below the (i) 7400 psychological support, (ii) short-term support, and...
I believe the AUS200 is going to create a new high, it's finding support at the trend line indicated in the chart and it's clear that the risk on sentiments will continue through November.
After reaching a new ATH in mid-August, Asx200 started to correct and found support in 7100 zone.
At this moment we are in a correction following the first leg up since the recent low and the index can continue higher to challenge the ATH.
This scenario is negated if we have a drop under 7150
Classic break and retest on the daily time frame...Can't wait to see how this move plays out. I literally set the stop loss just above the 5 min wick because I don't see this move breaking out of this area. if it does aye so what....proper risk management is essential.
Big pip energy!
Text me if you have any questions/comments for me.
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The last time I did an analysis on the S&P/ASX 200 was on 12 October (red arrow). Since then, the ASX 200 has broken through four resistances: - (i) counter-trendline (purple dotted line), (ii) short-term average, (iii) mid-term average, and (iv) the 7400 psychological resistance (orange line). Within 2...
