Tue. p.m. 7/12/21.  XJO rose strongly today.

XJO Daily Chart:

XJO up today +0.95%, its strongest rise for nine weeks.  It was helped today by good rises in the U.S. last night and a favourable interest rate announcement by the reserve bank.

That bounce today off the 200-Day MA is bullish.  XJO is now back to horizontal resistance where we might see consolidation.  If it breaks through to the upside tomorrow that would suggest that the XJO is in a strong medium-term rally.  

Did somebody say they could hear sleigh bells ringing?