A few targets met on ES but several targets lie above it....

  1. 13,069 Posts.
    lightbulb Created with Sketch. 265
    A few targets met on ES but several targets lie above it. Upwards expected from here, but there may be swings.

    ASX - SPI has formed a right shoulder. I anticipated 7595 for the shoulder, but the lower point & figure target of 7548 was hit instead. P&F is a remarkably useful method of price projection, but not on its own. Currently it's saying the SPI may pause at 7631.

    SPI 1hr


    https://hotcopper.com.au/data/attachments/6127/6127292-d3a10b43527793e47081a23422e92753.jpg


 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.