Monday, August 29, 2022

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

 

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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