17/8/22. XJO up modestly today.
XJO up modestly today +0.31%,
The medium and short term trends remain up.
The long term trend remains in doubt while the chart lies below the 200-DMA.
The first clues of a pulback are given by the MACD which has broken below its signal line.
That's not definitive, but an indication that momentum is slowing.
Momentum must slow before a pull-back occurs.
Continue to watch.
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