A Top in the ASX 200

Today, we saw the “top”.

An old Wall Street proverb goes “nobody one rings the bell at the top”.

I am happy to go on the record to say today’s action in the ASX 200 registered the high of this rally which commenced March 23, 2020.

My work and signals suggest todays high of 5,780 shouldn’t be breached +/- 20 points within this immediate timeframe.

With humility, I was equally pleased in calling the 4,400 low on the ASX 200, which incidentally occurred on March 23, 2020.

– May 26, 2020, by Rob Zdravevski