Monday, May 30, 2022

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

 30/5/22.  XJO up strongly today.

XJO up +1.45%.


Today's strong result pushed the XJO our of its short-term consolidation, and up to the next level of resistance.

Given that America is closed for a holiday tonight, we can't expect much tomorrow.  Consolidation is the best bet.

Breadth today was good, with the ASX A-D Line rising above the 10-DMA for the first time since mid-April while still consolidating.


Expect consolidation in our market tomorrow while the U.S. is no holidays.

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