We have a very neutral looking ASX 200 weekly chart this week. There is no clear indication on the indicators. I have used brown circles on all three indicators which I don't think I have done before on this blog because it just looks so directionless. With the unexpected selling in the U.S. today (Friday night our time), the ASX could be in for a shock on Monday morning.
Below: ASX weekly chart
Below: Hong Kong Hang Seng daily chart showing weakness. Need to see how it looks in the week ahead.
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