Wednesday, May 4, 2022

Finspiration Australia. Technical analysis of the Australian and International Stock Markets.

 This morning I had some serious computer problems which took some hours to rectify - so there was no morning report this morning.  If any of you have experience the "black screen" on a MAC you will understand the difficulties I experienced this morning.  ðŸ’€

4/5/22.  XJO down modestly today -0.16%.



XJO started positively this morning but quickly gave up those gains.

Tenkan Sen has now fallen below Kijun Sen which suggests further downside.

Breadth continued to deteriorate.



NH-NL Line


Until we see an improvement in breadth, there's not much point in expecting a solid move to the upside.

Stay defensive.

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Finspiration Australia. 14/11/23. Tues. Morning Report.

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