Tue. p.m. 4/1/22. XJO - Whooshka.
XJO was up today an extraordinary +2%, so it definitely deserves a "Whoosha" label. We rarely see +2% rises on the XJO, but it happened today on the first day of trading 2022.
Clearly, today was an extraordinary event, helped by low volumes, it is easy to push the index around.
Technically, I've marked in grey a major support zone, so it wasn't unpredictable that we would see an up move today, but the sheer scale of the up move is extra-ordinary.
Expect some downside tomorrow.
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