S&P/ASX 200 Technical Analysis: Rally to Resume After Pullback?
•The ASX 200 has raced up to new 10-year highs •However, the process has been rapid and exhausting •Now a short-term uptrend is under threat but this could be the measured consolidation bulls will have hoped for The ASX 200 has had a fabulous run higher but has arguably long needed a little pause for reflection. Could it now be getting one? Very probably. November 7’s push above the psychologically notable 6,000 level took the index into highs not seen for ten-years. This up-move came in concert with gains for global indexes and after this year’s long parade of record Wall Street highs. However, the push also came at ... (full story)
- Posted: Nov 13, 2017 11:22pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 709