Indeks S&P/ASX 200Pembelian
XJO looking bullish with clear pivot at ~5950
The current consolidation since May this year looks to be the handle of the 30-month long bullish Cup & Handle pattern. A break of the nearest pivot at around 5950 could quickly bring the XJO up to the next strong resistance level of the 6000 round number. It's almost blue sky after that as it hasn't been above that level since the 2007-2008 financial crisis.
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