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Going higher in my view - around 8,500 to meet an overhead line of best fit up the weekly peaks going back to mid-2015 (perhaps 2010, depending on how that line is drawn). Nothing says it 'has' to do this, but it would maintain the pattern of the chart if nothing else. As a loosely related comment, there's an interesting article in the Business section of today's age about China's struggle with Covid. It reads something like a dystopian end of civilisation novel. China will get through it but I expect it to have its economy damaged in the process - and as a result ours might be in trouble as well. Might be worthwhile being more careful about China dependent stocks for a while?

[QUOTE="Greynomad99, post: 1171697, member: 86332"] Going higher in my view - around 8,500 to meet an overhead line of best fit up the weekly peaks going back to mid-2015 (perhaps 2010, depending on how that line is drawn). Nothing says it 'has' to do this, but it would maintain the pattern of the chart if nothing else. As a loosely related comment, there's an interesting article in the Business section of today's age about China's struggle with Covid. It reads something like a dystopian end of civilisation novel. China will get through it but I expect it to have its economy damaged in the process - and as a result ours might be in trouble as well. Might be worthwhile being more careful about China dependent stocks for a while? [/QUOTE]

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