Australia’s ASX 200 opened with a strong blue candle on the hourly chart but is now retracing to find support. Respect of short-term support at 4290 would suggest follow-through to 4320, while failure would test medium-term support at 4240/4250.
Breakout above 4320 would indicate another test of 4400. Though we are unlikely to see a primary up-trend until China signals that it has formed a bottom.
Hi Colin,
Please we would like to have an analysis of Ibovespa from you.
It’s very interesting your T.M.Oscillator.
Yours sincerely,
Manoel S. de Barros Neto
PS: Please do not forget the Bovespa in your analysis