Chart Analysis on this Blog is purely descriptive. It is written for informational and educational purposes and should not be taken as financial advice. Do your own research or seek advice from a Registered Financial Advisor.
22/12/22. Finspiration Evening Report.
XJO up moderately today.
XJO was up today +0.53% after bouncing convincingly off the 200-Day MA. Today it finished above the Conversion Line of the Ichimoku System. It now faces resistance at the Ichimoku Base Line. That's a tougher nut to crack.
Breadth was good with 10 out of 11 sectors positive. The only negative sector was Materials (XMJ). That's disappointing as Iron Ore Futures were up overnight.
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