Wed. p.m. 24/11/21.  XJO on the negative side today in choppy trading. 

XJO finished down today -0.15%.  Today's candle shows a narrow body with upper and lower wicks - a sign of choppy trading.  XJO currently lies in the middle of its trading range.  This can go either way.

Breadth readings are suggesting that the market internals are setting up for a downside move.  Here's the Cumulative Advances-Declines chart:

The Cumulative Advances-Declines chart is collapsing.  That often results in the XJO following suit.

To add to the problems with the internals, NewHighs-NewLows have been negative today and yesterday.  That's an unusual event.  The Cumulative NH-NL hasn't yet crossed below its 10-Day Moving Average, but it isn't far off.

A break by the NH-HL CUM below its 10-Day MA would be a significant event.

The XJO remains in its trading range.  But weakness in Energy, Materials and the Banks would easily catapult the market into a bearish trend.