Monday, April 11, 2022

Finspiration Australia. XJO finishes flat today. 11/4/22.

 XJO finished marginally up today +0.1% after being up +0.6% in early trading.  That's a disappointing result.

Today represents a reversal day.  That's bearish, but needs confirmation of a down day tomorrow.

Short-term, XJO is in a down-trend and finished today below the 8-Day EMA and the Hull MA13.

Two out of three Supertrends are blue - one remains yellow, which suggests in the medium term XJO is not trending.  A bearish break by the third Supertrend would give us a medium term sell signal.


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