S&P/ASX Index

FX

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AUS200

Looking for clues from different indexes as to how much life this latest impulse/rally is going to last in the world equity markets. This count has a fair bit going for it with some confluence from Fib levels and some alternation from the corrections. If this is correct then I think we are embarking on a 5th of a 5th now so will will be looking for its completion...

rising wedge

Foreign Investment is flowing out of the Chinese Stock Market and Trumps Tariffs kicking in. There have to be trading opportunities here. Take 7 minutes to find out where. Please remember to share and like Steve Trainer & Mentor @logicfxtrading.com

Lower than expected investment on Thursday and USA trade Tariffs point to a slowing of the Chinese economy. Look for opportunities in the Yen (Long) AUD (Short) and here the AUS 200 short. Hope this helps Steve Trainer & Mentor @logicfxtrading.com

SHORT

Looking through world equities for clues the ASX200 is perhaps offering the cleanest waves to count. This interpretation suggests that we are in the 5th wave of this upwards move since December 2018 and that there may still be some room for a 5th wave to run. Lets see if it can break through this 6300 level.....

Currently in a range forming a flag on hour chart. Potentially another move up. However, bigger picture looks like its due for a deeper correction at some point. Order to be cancelled if not trigger before Monetary Policy Meeting Minutes 11:30am Melbourne, Australian Time.

I can see a lot of things happening here, a very interesting chart indeed. I am expecting a break of this mini head and shoulder pattern shortly which should spark huge selling in Wave 3.

AUS 200 short on daily supply zone

AUS200 H4

- A relentless push to the upside, from a near perfect tweezer bottom - At a critical level of Supply now, indicators are near topped out also - RSI at 73 and the MACD histogram starting to dwindle, it would seem a reversal, or even a significant enough pullback is due - Swing low to high reveals our Fibonacci Retracement levels for possible moves in price.

Entering resistance area. Interesting, despite large volume in the last few days, price has failed to make any progress. Effort vs Result. Sign of possible distribution. This is the place to exit longs and wait to see what a pullback looks like

Hello Traders, Long anticipation on aus200. I will be honored to have your reflections on my anticipation. Thank you.

Hello Traders, My longterm long anticipationg along the chanel for aus200 I will be honored for your reflections on my anticipation thank you. Happy trading.

Market has to follow through otherwise we could drift. Some selling volume seen last week. Coming up to some large supply (resistance) areas. Slightly lower close last week. Very interesting. Sideways - is another way this market could move over the coming weeks.

TA

SHORT here

#ASX200 $XJO testing broken uptrend line