1:00PM XJO (ASX200) Intra Day, Daily Chart Update 17/11/2015.
Worth noting that if we finish on a high note by the close today we will have a short term daily pivot point reversal ( Bar Chart terms candles shown) on hand. That may mean HALT to the decline over the next 5 trading days with a potential upward bias. That would also re affirm our SUPPORT which has been set since late August. It is very important to see this support hold/respected. If this short term bullish reversal is realised, next short term resistance zone would be 5150 for XJO over the coming days.
Despite all the sad/negative news surrounding us, the ground (support) is still holding which in my view is a BULLISH sign.
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