Stuart McPhee

Australian private trader for more than 20 years, author, trading coach, licensed adviser and regular speaker at major trading events all around the world. Graduate of RMC Duntroon and former Australian Army Officer.

S&P/ASX 200 Sentiment Bearish as Index Tries to Stay Above 5650

For the week beginning 24 July 2017, my very own Stuart McPhee Market Sentiment Indicator for the S&P/ASX 200 Index (XJO) remains below 50 again as the ASX200 index struggles to stay above the new support level at 5650.  See below for notes on the indicator. Click on the image below for a larger, clearer …

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AUDUSD Almost Touches 0.80 – Market Update

I received an email from someone during the week about support and resistance and their application on indices. For many years I didn’t subscribe to the importance of support and resistance with indices because they just track a group of stocks.  Therefore, there are not a bunch of people sitting there waiting to sell the …

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S&P/ASX 200 Sentiment Bearish as Index Tries to Stay Above 5650

For the week beginning 17 July 2017, my very own Stuart McPhee Market Sentiment Indicator for the S&P/ASX 200 Index (XJO) remains below 50 again as the ASX200 index struggles to stay above the new support level at 5650.  See below for notes on the indicator. Click on the image below for a larger, clearer …

S&P/ASX 200 Sentiment Bearish as Index Tries to Stay Above 5650 Read More »