ASX-200: breaks 7,000.

The ASX-200 has raced up through 7,000 resistance in much the same way that kids escape school on the last day of term; with vigour! Check out the daily candle: it is called a Marubozu and reflects strong buying pressure given the solid candle with no obvious upper or lower wick. Buyers came in early and stayed!


NB: my website is still experiencing some technical issues so please be patient as I sort through this.


XJO daily: check out the Marubozu candle that cut through 7,000 today:




XJO weekly: I will be keen to see where the weekly candle closes as any close above the pre-2019 High, circa 6,851.50, would constitute this weekly ascending triangle/range breakout: