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

 27/9/22.  Oz stocks rise despite poor overnight leads from U.S. and Commodities.

XJO up today +0.41%,  That stemmed the flow of blood from yesterday's big fall.

Today's action is a narrow-range day, within the range of yesterday.  That is still indecisive.  It does, however, hold at the lower edge of the bullish expanding wedge.

Today's action is positive in the face of negative overnight action overseas.  ASX is probably pre-empting action tonight overseas.  XJO often takes pre-emptive action.  Expect a better night in overseas markets tonight.

Breadth today was poor.  Despite the positive finish Advance and Declines were 691/703.  NewHighs/NewLows 6/140.

Five sectors out of twelve were up today.  That explains the poor breadth numbers.  We need to see improvement in those numbers for a sustainable rally.

Best sectors today were:  Materials +2.6%, Energy +1.7%.  Consumer Discretionary +0.2%.  Consumer Staples +0.2%.  Information Technology +0.5%