22/3/23. Wednesday Evening Finspiration Report.
Today, Australian market followed U.S. lead from last night to the upside.
XJO up +0.87% today.
Today was the second day in a row to the upside. That's the first time for almost three weeks that we've had back-to-back upside days.
That is promising, but looking at the chart it is still below the 20-DMA (centre line of the Bollinger Bands), below triple Supertrend lines and the 8-Day EMA. It also sits below -1SD from the BB centre line. Formidable stuff.
Tonight in the U.S., the Federal Reserve will announce its interest rate decision. That may be market moving.
Above is the ratio chart for Bonds/ASX. It had a nice move to the upside today but still a long way from the 5-Day MA moving above the 21-Day MA.
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