In today’s briefing:
- EQD | S&P/ASX200 Directionless or Downtrending?
EQD | S&P/ASX200 Directionless or Downtrending?
- The S&P/ASX 200 INDEX last week closed down (CC=-1, breached the Q2 support at 6918, entering OVERSOLD territory).
- The index has been directionless since early August 2021, it is going down but it’s OVERSOLD MONTHLY (3 months down), so it could bounce in November.
- The current MRM pattern is quite bullish from a CC perspective: here we analyze WEEKLY supports to see how far down the index can go, it could bounce soon.
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