ASX200, CBA ,ANZ, BHP, RIO, FMG, IRON ORE, COPPER, CRUDE, AUDUSD GOLD NCM Technical Analysis Elliott Wave
Overview: Possible top in play for the ASX200 XJO
ASX 200 Technical Analysis:In Elliott wave terms we are at a top of very close to it, the banks could take the ASX200 higher.
Resource are on the softer side, plus the US 10 Year yields have spiked and looking to move higher placing pressure on stocks and gold.
Trading Levels: ASX200 Resistance 7400
ASX200 Elliott Wave:Wavevof (v) of v) of 5 of (3)
ASX200 Trading Strategy: Thursday is normally the bear day in the Weekly Bullish Cycle, If Friday is bearish we will look to short.
Peter Mathers - TradingLounge
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ASX200 Profile
The S&P/ASX200 index represents the 200 largest stocks on their weighted market capital in the Australian stock market "Australian Securities Exchange" (ASX). This ASX200 index represents 72% total market value of the stocks trading on the Australian Securities Exchange.
The Charts in this video are from a Contract For Difference (CFDs) perspective, meaning the data feed is partly from the ASX cash market and the SPI futures markets plus fair value as a CFD product for CFD Trading.
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