ASX200 Sentiment Indicator

AUDUSD Reaches 0.80 – Market Update

ASX200 I am not sure there is much more I can say about the S&P/ASX200 Index. It continues to move between 5650 and 5800 and not do much else. The selling pressure / resistance continues at 5800 and again, with the resistance in place and playing a significant role, the key level of 6000 seems …

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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 …

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