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

 10/5/22.  XJO down -0.97%.

Today's fall is a sharp decline but ignores the intra-day activity.

XJO hit an important horizontal support level today and bounced up +1.6%.

That's a significant bounce off horizontal support.

We can expect more upside in the short-term.

That takes nothing away from my idea that we are in a bear market which will have further to fall.

We will get significant bounces but they should provide times when you can sell-the-rallies.