{"id":63281,"date":"2014-03-17T10:27:16","date_gmt":"2014-03-16T23:27:16","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2014\/03\/17\/asx-200-at-pivotal-level\/"},"modified":"2014-03-17T10:27:16","modified_gmt":"2014-03-16T23:27:16","slug":"asx-200-at-pivotal-level","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2014\/03\/17\/asx-200-at-pivotal-level\/","title":{"rendered":"ASX 200 At Pivotal Level"},"content":{"rendered":"

By Nick Linton-Ffrost<\/p>\n

We suspect the next two days trading in the ASX 200 (XJO) and the 5300 pivot level will determine the trend for the next fortnight.<\/p>\n

The XJO needs to have a good bounce from the 5280-5300 level within the next day or two and push quickly above 5400 to keep the upside triangle pattern target around 5700 in play.<\/p>\n

Otherwise a couple of days trading around 5300 morphs our triangle view into “a return to the four month range” view which implies a pull back towards 5050-5100.  Refer both charts.
\n <\/p>\n

Upside Scenario<\/u><\/p>\n

\"\"<\/p>\n

\nDownside Scenario<\/u><\/p>\n

\"\"<\/p>\n

 <\/p>\n

Another trading idea from<\/strong><\/p>\n

Fifth Wave |<\/strong> fwtc.com.au<\/strong><\/a>                                               <\/p>\n

FW generates over 150 Trading Alerts on the ASX100 each year. We are a subscription service specialising in short term technical strategies based on 27years experience<\/strong>.<\/strong><\/p>\n

 AFSL 319830 |<\/strong> Disclaimer<\/strong><\/a><\/p>\n

Reprinted with permission of the publisher.<\/em> Content included in this article is not by association the view of FNArena (see our disclaimer<\/a>).<\/em><\/p>\n

Technical limitations <\/strong><\/em><\/p>\n

If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.<\/strong><\/em><\/p>\n

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Nick Linton-Ffrost of Fifth Wave suggests the next two days of trading are critical for determining the next move in the Australian stock market.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/63281"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=63281"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/63281\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=63281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=63281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=63281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}