Stock Market Analysis

 Thur. p.m. 9/12/21.  A great day for watching the cricket.

XJO down modestly today in choppy trading -0.28%.

For over two months, XJO has been in a wide range 7169-7471.  XJO is now in the top quarter of that range.  A test of the top at 7471 seems to be inevitable.  XJO finished today at 7385.

We've seen an improvement in the Cumulative Advances-Declines, but not enough to take it back above the 10-Day MA.

Despite XJO falling today, VIX also fell, and substantially.  A substantial fall in VIX while XJO also falls often results in a positive result next day.

At this stage, the short-term trend on the XJO is up.  The medium-term trend is sideways, and the long-term trend is up.  On balance, I'd stay with the long-term trend.