XJO finished flat today +0.08%.
Today's candle is a narrow-range tombstone candle. Coming at the top of the rally, that suggests we'll see some downside. XJO has plenty of downside support, so any pull-back is likely to be bought.
Breadth today was poor. Despite the flat finish, Advances 592, Declines 880.
The market was kept up today by Materials +1.29% and Financials +0.58%. Given that those two sectors make up about 40% of our market, the rest must have been sick. Unbalanced markets usually fall to the downside.
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