1/9/22. Australian market down today.
XJO was down heavily today -2.02%
That takes the Index down to the 50-Day MA and the top of the Kumo Cloud.
We can expect consolidation at this level before the next major movement.
BHP was down today -7.6% as it went ex-dividend. That was a drag on the market but doesn't explain the poor overall result.
Ten out of eleven sectors were down today. The only sector up was Consumer Staples +1%.
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