Monday, November 8, 2021

 Monday. p.m. 8/11/21.  Flat market today in Australia.

XJO down -0.06% today in choppy trading.


XJO today retreated from horizontal resistance.  It is now in a trading range 7312 to 7472.

Wait for a break-out from the trading range.

Today's candle forms a "tweezer top".  It seems to be emulating the triple top back in late October.

If that's the case, we can expect a test of support at 7312.

Today, breadth as measured by Advances/Declines is still bearish.  This is a good leading indicator.



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