Finspiration Australia. Chart Analysis for Australian and International Stock Markets.

 17/5/22.  XJO up modestly today.

The first of three Supertrends has switched to bullish (yellow) and Hull MA13 has also switched from down to up (yellow=bullish).

Those are short-term signals suggesting that shorts should close out their positions at the end of trade.  Intrepid traders can go long.  I'd prefer to wait until we see all three Supertrends go yellow before taking a position.

Best sector today was Energy +2.09%.  The Ukraine War continues to dominate the Energy market.

In the short-term I remain bullish.  But this still looks like a "sell-the-rallies" market.