| Weekly Trend: | Up |
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| Daily Trend: | Up |
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| Daily Momentum: | ___ | Up |
Continued upside momentum today, although not surprisingly after the strong close in the US on Friday. The local market is again probing that 4600 ‘make or break’ level we’ve discussed in the past (and will discuss in more depth in tonights ASX-200 analysis). There is scope to slip through by a small margin to retain larger pattern symmetry, but any powerful thrust through start to suggest the market may have the April highs in its sights. Price is well overbought but it can continue to extend, especially if US pundits feel that immediate earnings threats have been relieved. A break back through last weeks lows will place some downside threat to the market.
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