The ASX started strongly today, peaked at about 11.00 a.m., then it was all down-hill, to finish up just +0.05%. Breadth was poor with Advances 679, Declines 788.
Today's intra-day selling results in a "shooting star" candle which, coming at the top of a trend, often marks the end of the trend. A big down day tomorrow would confirm the end of the trend.
No comments:
Post a Comment