S&P/ASX 200 (^AXJO) Technical Analysis - Thursday, Sept. 16

  • ASX 200 Index Overview: Under 7400 is bearish
  • ASX200 Elliott Wave Triangle Wave iv) or c) of A of (4)
  • Trading Levels Minor Level (mTL5) 7500 is the closest largest number and it's currently the resistance.
  • ASX200 Trading Strategy: Long

Commodities

  • Copper Elliott Wave 2 or B. 
  • Iron Ore to move lower
  • US Spot Gold Elliott Wave c) of B Triangle

Australian Stocks

  • Finance and Bank Neutral
  • Resource stocks BHP, FMG, to head low, as they still need to complete Elliott Wave v) of C of (4)

Video Length: 00:42:17

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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