Finspiration Australia. Chart Analysis for Australian and International Stock Markets.

 2/6/22.  XJO fell today -0.8%.

XJO remains in a short-term upsloping channel, which suggests the next move will be up.

If it remains in the channel, then a test of the all-important 200-DEMA is likely in the next few days.

Internals remain weak, with NewHighs-NewLows continuing to fall.

The current environment is not a positive one for long-term investors.