S&P/ASX 200 (^AXJO) Technical Analysis

(Video length 00:31:16)

  • S&P/ASX 200 Index (^AXJO) Technical Analysis Elliott Wave Forecast. Plus $CBA  $ANZ $BHP $RIO $FMG, IRON ORE, COPPER, CRUDE, AUDUSD, GOLD, DXY, NIFTY 50, CHINA  A50. 
  • ASX 200 Index Overview: The banks control the movement on the ASX 200 and banks are topping in Wave (3) starting their Wave (4) corrections which will take months, in the meantime, resources stocks are finishing their Wave (4) correction that they have been in for months, they aren't finished yet, but close and we can tie their completing of Wave (4) into the US dollar Index DXY.
  • Copper, Iron Ore, AUDUSD, etc, once all of these resource markets have completed their intermediate Wave (4) then we can start building long trades while shorting the financials.

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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