Monday, February 7, 2022

Finspiration Australia. XJO drops -1% then reverses.

 XJO finished down marginally today -0.13%.


Strong intra-day buying erased early losses of about -1%.  That's promising.  But XJO faces a lot of overhead resistance in the near future.

Breadth today was more or less in line with the marginal change in the XJO

Cumulative NewHighs-NewLows fell a little and remains below its 10-Day MA.


This is close to an upside break-out, but, until that happens, let's wait.


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