Australian (ASX) Stock Market Forum

Morning star pattern formation on XJO: Bulls beware!

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12 June 2014
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Hey guys

Just thought i would post up some images of the XJO for you to take a look at. Currently thinking the XJO will continue this downtrend to the 5300 area or the 200EMA. Following the strong 7 point downturn in the match i'm thinking one good night down in the US will turn this market. Thoughts :)?


xjo 1hr dow theory.jpgxjo daily evening star next day.jpgxjo daily evening star.jpg
 
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