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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