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

 10/8/22.  ASX market weakens today.

XJO was in negative territory all day today and finished down moderately -0.53%, near the lows for the day.

The short-term up-trend is now in doubt, but there is plenty of nearby support.

Tonight's CPI figures in the U.S. could be a market moving event.

Nine out of eleven sectors were down today - so breadth was poor.

The worst hit sector today was Information Technology (XIJ -3.8%). Financials (XXJ) did well, up +0.5%.  It is the biggest sector in the market and saved the XJO from a savage fall.