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

 21/9/22.  XJO down heavily today.

XJO down today -1.56%.

Well, that wasn't very nice.  Yesterday the market gave us a short-term bullish signal, and today it took that off the table with a bearish engulfing candle.

hmm.  Looks to me like our masters are putting the bejesus up us.

Down today, up tomorrow?

Who knows?

The XJO remains primed for a move to the upside with Stochastic down in the oversold zone.

Some indicators have positive divergences.  Just look at CCI.

We have the Federal Reserve announcement on interest rates - about 2.30 a.m. Oz time.

I'm expecting that to result in a move to the upside as the current probable interest rate rise is already built into prices.