XJO (ASX 200) Daily Chart Outlook 22/12/2016.

This analysis is taking a short term view by utilising daily charts. A new 12 Month high and not even a short term reversal bar which may even  suggest short term pullback of some sort with XJO. I say, let the price guide us even in the short term daily time frame.

On the second chart XVI ( ASX 200 Volatility Index), we are at the extreme low (support) which may suggest a caution of some sort with XJO. But there is no reversal here either.Those of us who may be interested in reading and interpretation of XVI may visit ASX website and learn about it.

XJO Daily below.

xjodaily22122016

XVI (ASX 200 VIX Index) Chart below.

xvi22122016

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