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ASX200 Elliott Wave Theory in Action

ASX 200 Nifty 50 XJO BHP Elliott Wave

ASX 200 Nifty 50 XJO BHP Elliott Wave

The Australian financial sector (ASX: XXJ) that dominates the ASX 200 is on the weaker side whereas the materials/resources are on the stronger side. XJO is also at a Fibonacci resistance zone so see weakness in the trend at 5900. If this becomes support then new highs can be made. Being long in gold stocks, BHP and RIO etc and short in ....
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