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

5/7/22.  After a flat start, XJO finished up +0.25%.

Tuesday was a narrow range indecisive day.

XJO is in a short-term sideways consolidation. Medium and long term, the Index is bearish - sell into rallies.

6/7/22.  Overnight.  Mixed results in the U.S.

Tumbling Bond Yields saw strong gains in Tech. Stocks.

Dow Jones -0.42%.  SP500 +0.16%.  Nasdaq +1.75%.  Small Caps +0.14%.  Banks -0.15%.

SP500.

Like the XJO, SP500 is in a short-term sideways consolidation.  Medium and long term, the Index is bearish.  Sell into rallies.

After 15 minutes of trading, XJO is down -0.4%.  Tech. stocks are doing well - XIJ up +3.41%.  Energy down -3.99% and Materials down -2.97%.  Financials are positive +0.24%.