{"id":17195,"date":"2018-10-20T00:55:38","date_gmt":"2018-10-20T00:55:38","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=17195"},"modified":"2018-10-20T00:55:38","modified_gmt":"2018-10-20T00:55:38","slug":"asx-finds-support-4","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2018\/10\/20\/asx-finds-support-4\/","title":{"rendered":"ASX finds support"},"content":{"rendered":"

The ASX 200 found support around 5900, with a long tail indicating buying interest. Breakout of Twiggs Money Flow above the descending trendline would confirm. Breach of support at 5750 is unlikely but would warn of a primary down-trend.<\/p>\n

\"ASX<\/p>\n

Banks are weighing the index down, with the ASX 300 Banks index retracing to test resistance at its former primary support level of 7400. Respect would confirm another decline. Descending Trend Index peaks below zero warn of selling pressure.<\/p>\n

\"ASX<\/p>\n

I remain cautious on Australian stocks, especially banks, and hold over 30% cash in the Australian Growth<\/a> portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"

The ASX 200 found support around 5900, with a long tail indicating buying interest. Breakout of Twiggs Money Flow above the descending trendline would confirm. Breach of support at 5750 is unlikely but would warn of a primary down-trend. Banks are weighing the index down, with the ASX 300 Banks index retracing to test resistance … <\/p>\n

Continue reading “ASX finds support”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39,40,57],"tags":[251,260],"class_list":["post-17195","post","type-post","status-publish","format-standard","hentry","category-aussie-dollar","category-australia-nz-countries-regions","category-stock-markets","tag-asx-200","tag-asx-300-banks"],"yoast_head":"\nASX finds support - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASX finds support - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The ASX 200 found support around 5900, with a long tail indicating buying interest. Breakout of Twiggs Money Flow above the descending trendline would confirm. Breach of support at 5750 is unlikely but would warn of a primary down-trend. 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The ASX 200 REITs index has formed a bearish descending triangle. Breach of support at 1600 would warn of a correction. It seems unlikely\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17670,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/12\/15\/asx-200-breaks-support-4\/","url_meta":{"origin":17195,"position":1},"title":"ASX 200 breaks support","author":"Colin Twiggs","date":"December 15, 2018","format":false,"excerpt":"The ASX 200 broke primary support at 5650, signaling a down-trend. Trend Index peaks at zero warn of selling pressure. Expect retracement to test the new resistance level but respect of 5750 is likely and would confirm a bear market. Target for a primary decline is 5000. ASX 300 Metals\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17663,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/12\/07\/asx-200-tests-primary-support\/","url_meta":{"origin":17195,"position":2},"title":"ASX 200 tests primary support","author":"Colin Twiggs","date":"December 7, 2018","format":false,"excerpt":"The ASX 200 continues to flirt with primary support at 5650. Money Flow is still comfortably above zero, indicating strong support. But breach of 5650 would signal a primary down-trend, offering a target of 5000. The two largest sectors are already in a primary down-trend. ASX 300 Metals & Mining\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17411,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/banks-asx-200\/","url_meta":{"origin":17195,"position":3},"title":"Banks threaten ASX 200 fall","author":"Colin Twiggs","date":"November 16, 2018","format":false,"excerpt":"The ASX 300 Banks Index is testing primary support at 7000. Declining peaks on the Trend Index warn of selling pressure. Breach of 7000 would signal another primary decline with a long-term target of 5000. ASX 300 Metals & Mining Index continues to consolidate between 3500 and 4000. Breach of\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16707,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/07\/20\/banks-buoy-the-asx-200\/","url_meta":{"origin":17195,"position":4},"title":"Banks buoy the ASX 200","author":"Colin Twiggs","date":"July 20, 2018","format":false,"excerpt":"The ASX 300 Banks index overcame resistance at 8000 after retracement successfully respected the new support level. Breach of the descending trendline suggests that a bottom is forming. A higher low on the next correction, followed by a new high, would signal the start of a primary up-trend. The banking\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17248,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/10\/27\/asx-200-at-primary-support\/","url_meta":{"origin":17195,"position":5},"title":"ASX 200 at primary support","author":"Colin Twiggs","date":"October 27, 2018","format":false,"excerpt":"The ASX 200 is testing primary support at 5650. Declining Trend Index peaks warn of selling pressure and breach of 5650 would warn of a primary down-trend. Banks are weighing on the index, with the ASX 300 Banks index testing support at 7000. Breach is likely and would offer a\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=17195"}],"version-history":[{"count":1,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17195\/revisions"}],"predecessor-version":[{"id":17196,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17195\/revisions\/17196"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=17195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=17195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=17195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}