The XJO pushed higher yesterday following strong leads out of China and US Futures but still held the 6630 resistance. It seems the XJO could be breaking out of the Channel after pushing through the 6,604 resistance, but at this stage, we haven’t broken the 50 day MA and the 6,630 resistance level. With the
Read MoreThe XJO pushed lower than expected throughout the day yesterday, but late buying reversed most of the move down. Locally, weakening GDP started to weigh on sentiment, but news from Hong Kong and China helped the market recover. Technically the XJO is forming a channel between 6,604 and 6,400. With the Futures up today, we
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