It appears that the impulse has completed some time ago and we are due for a myriad of zigzags. Predicting that the Composite will continue to drop, for which there is plenty of time and space. Expecting goals 10.7k - 12.5k. Fibtime tells us that we are right at the beginning of the consolidation None of the above is financial advice, please do your own research...
Magellan Global Equities Fund (MGE) vs possible alternative ETFs on the Australian ASX - such as iShares Global Consumer Staples ETF (IXI), Betashares S&P500 Yield Maximiser Fund (UMAX), SPDR S&P Global Dividend Fund (WDIV), ETFS S&P 500 High Yield Low Volatility ETF (ZYUS) - against the SPDR S&P 500 ETF Trust (SPY)... all available on the Australian ASX stock exchange.
Double top on rsi. 100,20 200 and 50SMA are the supports. If it breaks all down, it may touch the bottom trendline of the channel. For bullish action, it needs to break rsi resistance if you find my charts useful, please leave me a"Like"