LONG ASX - Rising Wedge and Bearish RSI Divergence Risk
SUMMARY: Long, expect to see continued fiscal and monetary support pushing asset prices higher
ASX200 is highly correlated to the S&P500. Correction in the SPX will cause one in the ASX.
-- Technical --
It is a bearish and the price action is way above the EMAs , a correction is due.
--Fundamentals --
However, because of the government support, anticipate further upside.
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you think, i? Let me know below.
ASX200 is highly correlated to the S&P500. Correction in the SPX will cause one in the ASX.
-- Technical --
It is a bearish and the price action is way above the EMAs , a correction is due.
--Fundamentals --
However, because of the government support, anticipate further upside.
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you think, i? Let me know below.
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