ASX 200, Daily Chart, Oct 12.

Market Recovery Continues.

Despite significant market negativity during the week, the XJO paused rather than pulled back in trending. It is positive for further gains that any price weakness is being treated as a buying opportunity. The expectation is that barring further gloom overseas, the index, after respecting support at 4450. will resume trending and perhaps reach another high in the vicinity of 4550.

Categories: Trading opinion


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