27/6/22. XJO up strongly, +1.94%.
Price action today was positive with the XJO finishing above the Tenkan Sen (Conversion Line) and Supertrend (1.5/7) switching from blue (bearish) to yellow (bullish).
Horizontal Resistance now stands at 6848 which coincides with the Kijun Sen (Base Line).
Stochastic has finished above 20 which is bullish.
Breadth today was good, although not as good as Friday. Advances-Declines today 903-636 = Net 267.
Friday Advances-Declines 988-476 = Net 512.
All eleven sectors were up today with the best performer being Financials (XXJ +2.64%). XXJ has been under pressure lately, so that's a welcome move to the upside.
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