XJO down today -1.95%.
The outlook for the near term is negative.
But, it is possible that the XJO will find support at the BaseLine.
XJO remains above the Kumo Cloud, that gives a bullish bias to the Index. XJO is also at the first line of support, so we can expect some upside tomorrow.
Breadth was poor today. NH-NL 12/30. Advances-Declines 327/1145.
Oz Vix jumped.
Oz VIX has completed an ABC upside movement. Expect more upside in the VIX. Which means - more downside for stocks.
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