For the first time in 6month, XJO aka ASX200 has spent 3 days above 200MA. Bulls should be dancing as this unprecedented at least for the last 6 months.
I will try to be brief with today’s TA. Lets analyse bull cases:
- PSAR daily and weekly pointing to the bulls court
- price above 50 and 200MA
- LSMA and QLSMA both pointing up and price above their lines
- price above historic resistance 5960
I think this is bullish at least for now.
Bears case:
- price still not able to break the 6200 resistance
I think, the market is quite interesting atm and with US elections coming soon, we need to be careful with every position we take and keep out SL tight.
I will keep you posted as this market may give juicy profit when your enter at the right time.
Stay safe and dont forget to smash the likes.
XTF
I will try to be brief with today’s TA. Lets analyse bull cases:
- PSAR daily and weekly pointing to the bulls court
- price above 50 and 200MA
- LSMA and QLSMA both pointing up and price above their lines
- price above historic resistance 5960
I think this is bullish at least for now.
Bears case:
- price still not able to break the 6200 resistance
I think, the market is quite interesting atm and with US elections coming soon, we need to be careful with every position we take and keep out SL tight.
I will keep you posted as this market may give juicy profit when your enter at the right time.
Stay safe and dont forget to smash the likes.
XTF