ASX 200 Technical Analysis - Thursday, June 17

(Video length 00:31:42)

  • ASX200, CBA, ANZ, BHP, RIO, FMG, IRON ORE, COPPER, CRUDE, AUDUSD GOLD  NCM Technical Analysis Elliott Wave
  • Overview: Possible top in play for the ASX200 XJO
  • ASX 200 Technical Analysis: In Elliott wave terms we are at a top of very close to it, the banks could take the ASX200 higher.
  • Resources are on the softer side, plus the US 10 Year yields have spiked and looking to move higher placing pressure on stocks and gold.
  • Trading Levels: ASX200 Resistance 7400
  • ASX200 Elliott Wave:Wavevof (v) of v) of 5 of (3)
  • ASX200 Trading Strategy: Thursday is normally the bear day in the Weekly Bullish Cycle, If Friday is bearish we will look to short.

 

Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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