{"id":63653,"date":"2014-06-02T10:01:40","date_gmt":"2014-06-02T00:01:40","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2014\/06\/02\/upside-still-favoured-for-asx-200\/"},"modified":"2014-06-02T10:01:40","modified_gmt":"2014-06-02T00:01:40","slug":"upside-still-favoured-for-asx-200","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2014\/06\/02\/upside-still-favoured-for-asx-200\/","title":{"rendered":"Upside Still Favoured For ASX 200"},"content":{"rendered":"

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

We continue to favour an upside move towards 5600 given the break above the ”abc” corrective dip from 5550 to 5370.<\/p>\n

At the end of last week the ASX 200 (XJO) pulled back to the break level around 5450 – 5480 from where we expect a bounce within the next few days.<\/p>\n

If the bounce comes the implication is for a rally towards 5600 over the next two weeks while a few days trading below 5430 negates our view.<\/p>\n

\n\"\"<\/p>\n

\nAnother 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 charts are still indicating a move to 5600 for the ASX 200 in the absence of a significant pullback.<\/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\/63653"}],"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=63653"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/63653\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=63653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=63653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=63653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}