XJO 0.65% 6,708.8 s&p/asx 200

sp asx 200 : critical support 5557

  1. 1,248 Posts.

    Australia S&P /ASX 200 : Critical Support 5557

    Monthly Cycle Pivot Centers : 5588 - 5650 - 5803
     Normal Lower Limits : 4700 - 4800 - 5023
    Normal Upper Limits : 6476 - 6500 - 6584

    Weekly Cycle Pivot Centers : (5608) - (5623) - (5694)
     Normal Lower Limits : 5238 - 5279 - 5407
    Normal Upper Limits : 5936 - 5981 - 6007

    Weekly Cycle Projected Series : ... 5407 - 5455 - 5503 - 5527 // 5551* - 5575 - 5599 - 5622 - 5646* - 5670 - [5694] - 5718 - 5742* - 5766 - 5790 - 5813 - 5837* // 5861 - 5885 - 5933* - 5981 ...
    Weekly Cycle Congested Area : (5203 - 5366 - 5530 - 5694 - 5858 - 6022 - 6185)

    Remarks : The market is stable when it is able to consolidate within the weekly cycle pivot centers at (5608) - (5623) - (5694). On the other hand speculative selling pressure will increase when the market is trading below the monthly cycle pivot center at 5588. The weekly cycle congested area indicates that the market has a tendency to trade between 5366 - 5530 - 5694.

    Directional Indicator : 5276* - [5557] - 5588 - 5591* - (5608) - (5623) - 5650 - (5694) - 5803 - [5908] - [6479] - 6670*
    Significant Supporting Levels are 5276* - [5557] - 5588

    ASX 200 : Monthly Cycle Charts
    http://www.qindex.com/axjo.html
    Albert Cheung (Ph.D.)
 
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