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

 XJO up again today +0.86%.

XJO is in a short-term counter-trend rally.

Next major resistance is the Kijun Sen (Base Line) at 6848.  XJO finished today at 6706.  We have some more upside in this rally.

Energy +3.62% and Materials +3% underpinned today's rally.

We've had a couple of strong days in a row.  It wouldn't surprise if we see a settling back tomorrow.  It will depend largely on the Resource Sectors.