Tue. p.m. 18/1/22. XJO flat today. Waiting for U.S. market to open.
XJO was down a little today -0.11%, essentially flat.
In the short-term, XJO remains within its tight sideways consolidation.
Such sideways consolidations usually suggest a continuation of the short-term trend. After the big down-day on Thursday, 4 Jan, that suggests another move to the downside.
Most sectors recorded small changes one way or the other today. Nothing much can be read into sector changes today.
Our market has basically gone to sleep over the past two days while the U.S. market is in-active.
We should see some more dramatic moves tomorrow.
Currently, European markets are negative. Germany down about -1% and UK down -0.7%.
The U.S. is always the wild card. Europe can be down. U.S. opens lower, and then rebounds.
Let's wait and see how this plays out.
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