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Australia: The Big Four Banks of the S & P / ASX 200 (.AXJO) all closed down
The Australian Stock Market Fell Down, Penalized by Banks, Health Care and Stocks exposed to consumers, including Woolworths and Wesfarmers. The S & P / ASX200 benchmark fell 18.2 points, or 0.29%, to 6247.6 on Wednesday, while General All Ordinary dropped 13.5 points, or 0, 21%, at 6,341.7 points
Monday night, but the lack of follow-up in Shanghai commodity trade pointed to warnings that official measures were an indicator of the fragility of financial conditions in the second plus great world economy.
The Shanghai Composite Index was down 0.3% ASX
Overall, the bias in prices is: Going up
The upper limit projected is: 6 343.29
The projected lower limit is: 6 157.90
The projected closing price is: 6,250.60. 19659003] 
Candlesticks
A black body appeared (because prices went down lower than they opened it.)
Over the course of 10 last bars, there were 6 white candles and 4 black candles for a net of 2 white candles. Over the past 50 years, there have been 23 white candles and 27 black candles for a net of 4 black candles
Momentum Indicators
Momentum is a general term used to describe the rate at which prices spend a given period of time. Generally, changes in dynamics tend to result in price changes. This expert shows the current values of four popular momentum indicators
Stochastic Oscillator
A stochastic oscillator interpretation method is the search for overbought areas (above 80) and oversold areas (less than 20). The stochastic oscillator is 42.4426. This is not an overbought or oversold reading. Last Signal Sold 10 Period (s)
Relative Strength Index (RSI)
The RSI shows overbought (over 70) and oversold (under 30) ). The current value of the RSI is 54.81. This is not a trim or background area. A buy or sell signal is generated when the RSI leaves an overbought / oversold area. The last sign was sold 22 period (s) ago.
Commodity Channel Index (CCI)
The ICC shows overbought (over 100) and oversold (under-100) areas. The current value of the ICC is 3. This is not a recovery area or background. The last signal was sold 10 period (s)
MACD
The Moving Average Convergence / Divergence Indicator (MACD) gives signals when it crosses its signal line of 9 periods. The last signal was sold 7 period (s)
Rex Takasugi – TD Profile
The S & P / ASX 200 closed at -18,200 at 6,247,600. The volume was 5% lower than the average (neutral) and the Bollinger bands were 46% narrower than normal
Open Up Low Low Volume ___
6,265,8006,277,3006,239,7006,247,600 529,799,552 [19659005] Technical Outlook
Short Term: Neutral
Mid Term: Bullish
Long Term: Bullish
Moving Averages: 50-period Period, 200 Period Period
Close: 6,251.65 6,140.88 6,005.50
Volatility: 11 10 10
Volume: 480,536,960 555,078,720 549,351,360
Short-term traders should pay more attention to buy / sell arrows while intermediate / long-term traders should put more emphasis on the bullish or bearish trend reflected in the lower ribbon.
19659002] The S & P / ASX 200 is currently 4.0% above its 200-period moving average and is showing an upward trend. Volatility is high compared to average volatility over the last 10 periods. Our volume indicators reflect moderate volume flows in .AXJO (slightly bullish). Our trend forecast oscillators are currently optimistic on .AXJO and have had this prospect for the last 24 periods.
ASX, AXJO, news, prospects, S & P / ASX 200, shayne heffernan, trading
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