This is looking less and less hopeful for the bulls.- MACD below its signal line
- Two day break below the uptrend line from late August
- RSI.14 below 50
Until the market breaks below the 4550 area on the XJO (or 4600 on the XAO - All Ordinaries Index). Perhaps this is just a counter-trend rally providing a buying opportunity.
Cheers
Red
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