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World Stock Markets Trading Discussion - Zealous zig-zags

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All Ords 5-day chart




All Ords maintained height to finish +0.4% for the day with Miners +2.6%, Materials +2.1% down to Telecomms -1.5%.

Over in Asia, China +1.1%, Hong Kong +1.2%, Japan +1.1%, India currently -0.5%.

Mixed in UK/Europe: FTSE -0.2%, DAX +0.2%, CAC +0.3%.











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Clearing 2912 would look like a breakout, but there's a trendline convergence at 2913.50 that's an obstacle. If cleared, room to run to  a channel line at 2922. 

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If they can't launch from here, watch for 2905 to break. That would be a good sign for bears. 2903 better. Below 2900 and it could be off to the ski slope. 

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