Only-ASX200

Only-ASX200

The Fibs have worked perfectly in the last 4 weeks and it has provide some profit taking over the last week. The coming week we see the following: 1. The buyers have broken the 0.38 fib resistance of 5497 but the sellers immediately took over avoiding the market to go any higher. 2. Monday is going to be an interesting trade day, as we are waiting for...

Only-ASX200 Updated 

For the last 5 trading days, every time the government announces some type of stimulus package to the country, I can see the market surging between 1.5 and 3 percent. What will happen if we have 5 days with no economic stimulus? are we going to retest the lows of 4775,4400 or a new bottom 3xxxxx? I have added a Fibonacci from the low of 4374 to the highest of...

Only-ASX200

The AUS200 (4h chart) is trapped between the support and the resistance levels as shown on my graph, any breakout from within those levels could be a big move either way.

Only-ASX200

Market moving sideways for too long now.

Only-ASX200

Congratulations to those how made money over the Presidential Election. Now I will just wait for ThanksGiving and Black Friday, here we should see the market Rally to the magical 5400. Where is the market going to end by the end of the year:???? 5500 or 5624?

Only-ASX200

After a quite month on the sideline, all my indicators are pointing to LONG. Why? Election is almost finish. MACD is on a BUY Stoch is on a BUY

Only-ASX200

The month of August was a sell off market, and September have dropped Monday all the way to 5150. But now, with 2 technical analysis confirmation, I am confident in going Long, aiming the 5600. Things to have in mind during September" 1. SUPER Thrusday 22nd of September, the USD FOMC rate decision, expect a lot of volatility, and secure your positions....

Only-ASX200

Its been 14 days since no one have updated a chart, that could means that everyone is making money. BUT lets get ready for 4-5 weeks of volatility with the Australia reporting season kicking off on Wednesday. I am still long from 5420 , aiming at 5800 by the end of the year. Here is a link to the days each big company will be reporting. www.commsec.com.au Here...

Only-ASX200

This is not good, time to exit my long position, and wait for a Retest at 5238 or 5129. or USA Interest Rate on July 26-27. But I will go back long, if it breaks 5420

Only-ASX200

Still waiting on a decision on who is going to be the next PM, it have been 5 days since the election finished. Expect huge rally after the announcement of the PM This is the same Graph from MAY, still holding on to my trend line I Bought in last week at 5086 with target 5445

Only-ASX200

Still the same chart from last week.

Only-ASX200

Just a follow up on my chart of which I entered LONG at 5086 on Monday. I have posted this same chart 3 times now and I have not been wrong. Next Monday we will have a New prime Minister in Australia, expect the Market to jump back all the way to 5400 Good luck trading.

Only-ASX200

My 1 day chart. I published this same chart 18 days ago, I haven't changed anything. And I am confident in going Long.

Only-ASX200

My weekly Chart show and Harmonic Formation (formation haven't finished yet) (C) could still go a bit lower depending on the outcome of the vote for BREXIT. Not much Fundamental news for this week. 1 day chart and 4 Hours Chart are all pointing to an up market. I am already in the market at 5215 . good luck trading

Only-ASX200

Things to take in to consideration: 1. Brexit, they had a poll recently and 48% voted for Leave. "FEAR" 2. This Friday we have USD Non-Farm payroll and Unemployment rate 3. We have 4 days straight in the red (5275), our next support is at our Fibonacci(0.5) 5210 4. If it break below 5210 our next support is at Fibonacci(0.61) 5019. 5. Red arrow point...

Only-ASX200

The ASX200 had a big sell off today on the back of the RBA chief defends inflation target. Things to watch in the coming days and month: 1. Last Thursday and Friday of every month most big Financial institutions adjust their financial sheet by getting read of the cash in the bank and buying shares, meaning the ASX200 will probabily go up 20-50 points on those 2...

Only-ASX200

ASX200 is starting to loose strength, signalling a little bit of correction. Base on my Fibonnaci and MACD I will be neutral until I can see clear evidence that the market is moving.

Only-ASX200

Now that we are in May, we can see how fast the ASX200 has lost value since the RBA reduce interest rate to 2.00%, the banks and mines have been a big sell in the last 24 hours. Looking at the 1 days chart, Fibonacci Support at 5445(6.618) in the next weeks,