| Weekly Trend: | Down |
|
| Daily Trend: | Down | |
| Daily Momentum: | ___ | Down |
The ASX continued to push lower today and has dropped enough in the last 4 sessions to turn our momentum indicator back into the RED. Therefore, weekly and daily trends are down, as is momentum. The target remains sub-4000 unless we see a reversal back above 4641 being the June 21st highs. It’s difficult to justify long positions at this juncture so we’ll still be hunting for new short opportunities.
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