ASX200 The recent support at 5600 has paid off as the index has been able to rally back again towards the key 5800 level before running into further selling pressure / resistance at this level. It was able to rally above the previous trough (low) a few weeks ago around 5650, however yet again the […]
Attempts to Move Higher – Market Update Read More »
For the week beginning 26 June 2017, my very own Stuart McPhee Market Sentiment Indicator for the S&P/ASX 200 Index (XJO) has drifted below 50 for the first time this year as the ASX200 index struggles to make its way back through the key 5800 level. See below for notes on the indicator. Click on
S&P/ASX 200 Sentiment Bearish as Index Struggles Read More »
ASX200 After showing some fight last week moving back through the key 5800 level, the ASX200 has since drifted lower and been forced back down below this level. It continues to be well supported by buying above 5600 and it has been able to rally above the previous trough (low) a couple of weeks ago
Rather Quiet – Market Update Read More »
For the week beginning 19 June 2017, my very own Stuart McPhee Market Sentiment Indicator for the S&P/ASX 200 Index (XJO) has remained between 50 and 60, therefore in neutral territory as the ASX200 index has been able to rally a little to back around the key 5800 level. See below for notes on the
S&P/ASX 200 Sentiment Neutral as Index Rallies to 5800 Read More »
