Thursday, December 8, 2022

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

 8/12/22.  Finspiration Evening Report.

XJO followed the U.S. down last night.

XJO -0.75%.


XJO is now in a short-term down trend.  The next support level is at 7100 - the Base Line of the Ichimoku System.

The worst performing sector today was Energy (XEJ) down -2.73%.  There's not any indication yet that Energy is bottoming, but it is not far away.

Financials (XXJ) were down heavily today, -1%.  Again there is no sign yet that it is bottoming, but is not too far away.

This will turn around soon.


Stay Safe.


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