Normal
Yeah i posted that i was bullish from the clear rejection with volume on the 6th. XAO Banter thread i think.The Market has seen some great momentum, today we're at the 5400 level with some resistance at 5425. We're getting close to the top of the channel, so we could expect some resistance there.That said, this market is not showing any signs of slowing down and is rapidly accepting value higher. IT would take an abrupt end to the auction to change our minds now, that would involve a large volume rejection of these levels.5340 would be my line in the sand sort of level, if we can continue to accept value above that then i'm still bullish
Yeah i posted that i was bullish from the clear rejection with volume on the 6th. XAO Banter thread i think.
The Market has seen some great momentum, today we're at the 5400 level with some resistance at 5425. We're getting close to the top of the channel, so we could expect some resistance there.
That said, this market is not showing any signs of slowing down and is rapidly accepting value higher. IT would take an abrupt end to the auction to change our minds now, that would involve a large volume rejection of these levels.
5340 would be my line in the sand sort of level, if we can continue to accept value above that then i'm still bullish
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