XJO 0.12% 5,998.7 s&p/asx 200

XVI the Australian VIX has now put in a trendline break and two...

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    XVI the Australian VIX has now put in a trendline break and two legs down and looks set to move higher for the next day or two. The $60 billion jobkeeper scam where businesses and workers were told they were covered and it turns out an ambiguous question answered the wrong way will deprive them of payment will wash through the system early next week. One other major influence is that while the bulls napped on Friday afternoon the bears pushed price beneath the major XJO demand level which should have been defended more strongly. Another influence is that the recent rises have left price well above the moving averages so a pullback of the XJO will have the effect of lifting the XVI.

    XVI the Australian VIX
    https://hotcopper.com.au/data/attachments/2176/2176893-ce819232c348fc9b840dbe3a59604d02.jpg
 
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