ASX was the first one to close the monthly candle and it looks like the decision has been made. Buckle up for a rollercoaster ride in February and something tells that the ASX index would not be the only one. I hope I am deeply mistaken.
For those who don’t believe their eyes, one more chart below. The monthly MACD for ASX and its comparison to 2020. Note that the magnitude is higher now.
Btw, the top right chart was sketched in September. If you follow @InvestingAngles, we could help to ride the waves.