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...
Xjo Catching a bid here on the weekly kijun sen. Will come back to this later and add the bars in once we get down the track.
Watching US, European and Asian indicies develop for now.
AU 200 has just completed an expanding triangle at the 5 count.
We are also at support and we can see failures to make new lows.
We should look to go long here.
If we aim for the 1.272 our target would be at the 7789 mark, there will be bumps along the way!
For the simple related fundamental reason : currency devaluation.
One must remain structurally Bullish on Australian Dollar priced assets.
Single stock selection can prove challenging in such conditions, makes life
easier for the market to pick the winners.
ASX:XJO
OANDA:AU200AUD
ASX:STW
Detailed Chart's to follow below -
XJO Zmm's
STW : ASX200...
Text me if you have any questions/comments for me.
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12 Oct 2021 – Market Watch
The last time I did an analysis on the S&P/ASX 200 was on 5 October (red arrow). Since then, the ASX 200 has recovered less than 0.5%. It is currently testing the counter-trendline (purple dotted line). A failure to breakout would likely see another retracement to the 7200...
5 Oct 2021 – Market Watch
The last time I did an analysis on the ASX 200 was on 27 September (red arrow). I mentioned as long as the index doesn’t experience a successful push to 7500 levels, I would likely trim positions instead of collecting new ones.
With uncertainties stemming from the twin events of the US debt ceiling and Evergrande, the ASX 200 has...
Since 2000, the historical performance of the S&P ASX 200 Index XJO for the first 10 trading days of October is very noisy. 10-day average return of 0.85%, win rate 57.14%, 12 up, 9 down, median 1.84%, standard deviation 3.45%, maximum 6.25%, minimum -5.77%.
Data is for informational purposes only & is not investment advice. Past performance is no guarantee of...
Hi traders,
Looking to go short on the AUS200
Price broke through support area around 7330 and retraced to this level.
Support has flipped to resistance. Resistance level and 21ma now got rejected by a bearish bar.
Have placed the following order:
Order:7325
SL :7425
TP :7125
Good luck!
Text me if you have any questions/comments for me.
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27 SEP 2021 – Market Watch
As mentioned in last night’s livestream, the ASX 200 is currently trading in No Man’s Land. This is a zone where it is trading in a band that is bounded by a strong resistance (7400 levels) and strong support (7250 levels).
Usually, when an index or stock is stuck in No Man’s...
Just a note :
Sep 21, 2020 , AUS200 made bottom
Sep 21, 2021 , AUS200 made bottom on ma200 line (close)
ONE YEAR ANNIVERSARY - GANN SAID TO OBSERVE MAJOR BOTTOMS AND TOPS
Since 2000, the historical performance of the S&P ASX 200 Index XJO for the last 5 trading days of September is consistent with random. Noise dominates the data. 5-day average return of 0.16%, win rate 52.38%, up 11, down 10, median 0.08%, standard deviation 2.44%, maximum 3.66%, minimum -6.56%.
I note that there is a lot of noise in the financial media currently around potential collapses in the Chinese property market and various other factors, but let's screen that out and have a look at what the XJO chart is showing.
From the chart, it looks reasonably apparent that a downtrend has started forming, starting from the most recent high of 13 August. The...
I'm not a technicals person. Pulled the chart up and threw a regressession trend over the ASX200 since the bottom of COVID selloff. The trend was broken nearly this exact time last year, and was followed by dip buying. Happened again (though not on RSI oversold) in late October.
I believe there is a running theory around option expiry causing dips, but also...
