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

 1/6/22.  XJO up modestly after a choppy trading day.  Range was narrow.

The past three days has seen the XJO oscillator around the 200-Day MA.  That's considered an important marker between a bull and bear market.   

The XJO is indecisive.  It finished just below the 200 DMA.

Stand aside until we see a definitive break above the 200-Day MA.

Momentum is to the upside, so the odds are favourable for a decisive break above the 200-DMA.