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.  💀

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.