Monday, March 21, 2022

Finspiration Australia. Intra-day reversal on XJO

 XJO finished down today -0.22% after being up in early trading.


This is "deja vu all over again".  (Yogi Berra).

Here we are at horizontal resistance, and we have a reversal day just like we saw in February.  We need to see a downside candle tomorrow to confirm.

XJO started on the positive side after good results in the U.S. But after 30 minutes of trading it started to fall for most of the day.


Usually, intra-day reversals at the top of a trend are bearish.

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