Looking for sellers to take profit and bargain hunters to squeeze this heavily sold Australia stock index into the close Friday or for Pop higher Morning if US stocks can Bounce.
In large sell offs Friday are profit taking days for sellers and this naturally causing some buying as they close short positions and in the fallout there are some stocks that are bought on dips that help the whole index rally.
Some good news would help but technically its sets up some excellent 3-1 and 5-1 risk rewards.
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