Time to reduce risk Asx200 $XJO

My forecast for the Hang Seng and Dow Jones are that a reversal back to the moving averages.
Now we are likely to see the same for XJO towards mid February.

The worst case scenario is we reversal back to the long term trendline support.
At this stage, it is unlikely that would happen.

Therefore, reversal back to 6800-7000 is more likely to me.

I have reduced my portfolio from 11 positions to 4 heading to next week.