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S&P/ASX 200

Is the Market Finally Going to Crack?The RSI gave us a Divergence "a warning signal" on the monthly chart. Today sell-off of 2.19% was going to happen anyway. Maybe more to come if the US Market continues to sell-off. I am still bullish long term and have added support lines on where I expect the price to bounce back. ---- Related ideas Nov 30 TD Sequential is showing a Green 9. This could be a temporary top for the US Market. We could see a small pullback towards the moving averages.
ASX:XJO
by johninvest17
ASX: Australian stocks in need of a stronger pull back.The Australian stock market (AXJO) is currently rising after a strong pull back that took place in July. This rejection happened because the market reached its All Time Highs of October 2007. Despite the rather strong selling manner in which it was conducted, we believe that this sell sequence is not over yet and a stronger correction is needed. The reason for this perspective is that the very same long term pattern on the 1W time-frame has been spotted back in 1994, when the ASX again pulled back after testing its (then) All Time High. The selling only stopped when the 1W MA200 came in for support. We are expecting a similar price action and even though the correction on 1994 was more than -20% we expect this time just the 1W MA200 to be enough to support and initiate then next long term bullish leg. Use this pattern according to your own risk tolerance and strategy but this is our approach for the right time to re-enter this market. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
ASX:XJO
by InvestingScope
Further falls expected on ASX index?After reaching all-time highs previously set in 2007, the ASX:XJO has formed a significant bearish candle on the monthly chart. The bearish engulfing candle on the monthly chart has formed at the convergence of the of the 2007 all-time high, and the upper channel of the range the ASX:XJO has been trading in since 2009. This could potentially signal the beginning of a multi-month (or year) decline in the index. Or of course - to give the classic contradictory financial forecast - it could be a "healthy" retracement before forming new all-time highs. Good luck!
ASX:XJOShort
by TomUnderwood
XAO. Has all ords run its course?I have sold off all capital and moved to BBOZ 2x Leveraged SHORT TMF. high risk but i live for the biscuit!! massive amount of bearish div. across multiple time frames on RSI large long term distribution pattern (megaphone or expanding / diverging wedge) new ATH on index fractalised bearish patterns. parabolic year to date, floundering and failing housing market, unemployment on the up. Government ran projects at massive high levels (search Keynesian economy vs Simple economy), companies buying back shares across the board (this is my opinion is bad because it shows a lack of sentiment in short to mid term growth ie money not reinvested in staffing, equipment and growth but funneled back to company execs) inverted yield curve over seas, tension between CHINA and USA (trade war) (ref. hang seng HSI and view Australia's economic dependence on China's growth) well over extended period between recessions locally and a historically bullish, parabolic and over bought real estate market has caused Australia to fuel a service and construction boom leaving alot of people with out jobs if things go bad. No jobs + over extended and over inflated property market = mass forced sell offs... The bad times have just began. (IMO) these are a few of my reasons to be mid term hyper bearish do what you want DEFINITELY DO NOT TAKE MY WORD AS GOSPEL ON THIS ONE DYOR!!! good luck stay safe squirrel funds and DYOR oh btw DYOR not financial advisor, hard core day trader, chart analyst and punter!
ASX:XAOShort
by tradingtradefortading
AUSTRALIAN XJO AUS200 INDEX - RIPE FOR SHORTINGThe Australian AUS200 or XJO index (ASX S&P 200 index) is fully valued at its 100% DCF value using 3.5% growth, 8.2% discount rate. The earnings for this index are less than at the top of 2007. Its P/E ratio is overvalued at 18. Australia's construction industry is in rapid decline and also its housing markets. Short term interest rates are in decline as evidence of the decline in business conditions. The index is coming up against a channel line and may turn south soon. The RSI, ROC and MACD are looking like turning down, another sign of a local top. With the US markets looking high, any change in US markets will affect AUS200 index. Look to sell short on any break downwards from here.
FX:AUS200Short
by victorko
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