22/11/22. Finspiration Tuesday Evening Report.
This morning, ASX Futures were pointing to a negative start, but that's not how the day turned out.
XJO finished up+0.59% - probably a strong pointer to overseas markets tonight.
Today's finish was a fresh five months' high and above resistance at 7085 - that becomes a new support level.
Next resistance level is at 7227. XJO finished today at 7181. So the next resistance level is not far away.
Eight of eleven sectors were up today. Energy (XEJ) was the best performer +2.6%, with coal miners Whitehaven a New Hope both up >7%.
The only negative sectors were defensives: Utilities -0.1%, Staples -0.3%, Industrials -0.3%.
The Renko chart above shows that the XJO is in an up-trend. Stay with the trend.
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