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

5/10/22.  ASX up strongly today following good overnight results in America.

 XJO up today +1.74%, led by Information Technology +3.9% and Consumer Discretionary +2.7%.  Ten of eleven sectors were up.  Consumer Staples was down but only marginally, -0.04%.  Breadth was again strong, Advances/Declines = 884/494.

XJO is now close to the 50-Day MA and the upper restraining trend-line of an expanding wedge.  Tomorrow is likely to be up but those two resistances are likely to slow the market.