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aussiebear

World Stock Markets Trading Discussion - Limping legacy

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A one-way trip for All Ords with the index finishing -0.5% for the day.  Consumer Staples +0.2% was the only sector with a gain and Miners -2.8%, Materials -2.2% were down the most.

All red in Asia: China -2%, Hong Kong -2.2%, Japan -1%, India currently -0.8%.


Europe not looking too hot: FTSE -0.7%, DAX -1.4%, CAC -0.5%.

 

 

 

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The neckline of a head and shouders top pattern could be any of the lines connecting upsloping lows or a variety of levels between 2800 and 2789.  So calling a break is iffy, but the minimum price objective would be around 2750 assuming this is a break. 

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