Trend break
I'm not a technicals person. Pulled the chart up and threw a regressession trend over the ASX200 since the bottom of COVID selloff. The trend was broken nearly this exact time last year, and was followed by dip buying. Happened again (though not on RSI oversold) in late October.
I believe there is a running theory around option expiry causing dips, but also general bearishness around this time of year which has historically been tough for equities. Add to that an iron ore price collapse and China debt fears and one wonders whether the dip buyers will return to save the XJO.
No position, dont invest based on macro or technicals.
I believe there is a running theory around option expiry causing dips, but also general bearishness around this time of year which has historically been tough for equities. Add to that an iron ore price collapse and China debt fears and one wonders whether the dip buyers will return to save the XJO.
No position, dont invest based on macro or technicals.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.