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

31/8/22.  Australia recovers from early losses to finish down modestly.

The lower tail on today's candle shows the strength of intra-day buying today.  The index finished down just -0.16%.

In the short-term, XJO is in non-trending mode.

It seems to be finding support at the Base Line of the Ichimoku system and remains above the Kumo Cloud which is the dividing line between bullish and bearish.

While the Index remains below the 200-Day MA, the long-term trend remains in doubt.  Wait.