31/5/22. Last day of the month today and XJO fell -1.03% after being up yesterday +1.45%. For the month of May, XJO was dow n -3.01%. Seasonally, June tends to be flat.
The short-term trend remains up, but that looks increasingly in danger with resistance from the joint 50/200 DMAs just over head.
Tonight, trading returns to the U.S. after being closed for Memorial Day holiday.
Tomorrow, Australia sees release of GDP figures. Those figures could be market changing. A poor number could be good for the market, a good number could be bad for the market (because of effects on interest rates, one way or the other.)
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