AU200 Downside - House of cards.I lately published a SPDR500 short idea as interest rates and inflation are both on the rise in the US.
There is currently a knock on effect in global markets, and this textbook technical short trade exemplifies it.
Aussie200
Aussie coiling for breakoutIn my opinion, at least. Could have one more wave down but it looks pinned to this high timeframe level that has been a key mirror level in the past. A break could send it soaring.
XJO heading to 6487After breaking the ascending triangle at the 6300 area
The XJO should head higher to complete wave 5 around the 6487 area
Looking for a pullback around 6487
Then a ABC correction
