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

 19/5/22.  After big falls in the U.S. last night, Oz market down heavily today, -1.65%.

The short-term trend is undecided, with two Supertrend Lines positive and one negative.

Hull MA13 remains positive.

The past few days have seen a drop off in Volume.

This suggests that the retail traders are largely finished their selling and sitting out of the market - or just holding on.  The market is now largely the play-thing of the big institutions, so, if we see a rebound, it should be significant.

Until we see an improvement in breadth, stay defensive.  (See charts below.)