$XJO Preparing for a breakout?

by | Friday, August 18, 2017 - 3:06pm

The S&P/ASX 200 Index ($XJO) is still bounded by the 200 and 50 moving averages, but this week’s high broke a downtrend, and despite Friday’s drop still managed to close the week up 1%. Also, this month has seen a positive change in relative strength against the FTSE All-World Index.

S&P/ASX 200

XJO (ASX) – 1 Day CandleStick Chart – AUD

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