$xjo fute hits 1: ratio for a bounceASX SPI 200 Index FuturesASX24_DLY:AP1!traderjazzhands... part of an ABC move, thus far we have reached an equality swing downhill (C) against the larger weekly uptrend, almost a fake-out move into new altime highs then what looks like a fail, but that prices in aggregate cannot fail, there is an odds-on chance we are completing a protection sell, but, we probably need to explore thru the 127.2 level, supporting this idea is that local CFD's are all chomping at the bid (as Fari Hamzei would say when everyone wants to buy sell it to them!) the macro environment screams sell (Aus 1.30 over-valued versus US is 2.30 overvalued on a Buffett methodology) ..so that makes me think we have probabilities of a long winded larger ABC set-up where we should soon finish the A down of the larger ABC