Indeks S&P/ASX 200
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XJO range bound

76
The XJO has had a weak bounce compared to its big brother the S&P, its now consolidating ready for its next move a potential double top I have been in and out short on this one and with all the government stimulus I have played this one wrong. Maybe I should have focus my shorts on the Aussie banks and flipped the XJO as a long.

As 1.9T of stimulus rolls out in the US economy and if the market deicides to play drunk and push the S&P higher we should see a nice rally on the XJO making new highs.

6260 would be an invalidation and you should then look for shorts.
Nota
still waiting to be stimulated

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