Wed. p.m. 17/11/21.  XJO fell heavily today.

XJO down -068%.

Today's action takes the chart back to the 50-Day MA.  That will probably act as support for tomorrow.  But it won't resolve anything as to ultimate direction.

XJO is in a trading range 7318-7472.

The medium-term trend remains up, and the long-term trend remains up.  

The short-term trend remains in consolidation - or is indecisive.  We just have to wait this out.

Probably the biggest drag on today's market was the fall in Commonwealth Bank after its report.  It was down a whopping -8.07%.  That takes it down to a major support zone and just above the 200-Day MA.

CBA might fall a bit more, but the 200-Day MA looks likely to be support.  That could be a buy area for the intrepid.