Tue. p.m. 21/12/21.  XJO up strongly today.

When the U.S. falls and we start on a positive note, we usually have a bullish day.  That's what happened today.  SP500 down overnight -1.14% but XJO up +0.3% after 15 minutes.  XJO finished up +0.86%.

 That's a great looking daily candle on the chart, but it doesn't change much.  The down-trend line from 8 Dec. hasn't been broken to the upside, and the chart remains within its wide trading range.

Like the indecisive chart above, the NewHighs-NewLows Cumulative chart remains in a sideways trend:

This chart usually trends strongly one way or the other.  I wouldn't be tempted to enter new large positions until we see a more definitive trend to the upside.