23/3/23. Thursday Evening Finspiration Report.
XJO down again today after two days to the upside.
XJO has failed at the first levels of resistance: -1SD below the 20-Day MA, the 8-Day EMA and the first Supertrend line.
That doesn't look good to me.
The Ratio Chart of Composite Bonds to XJO continues to favour Bonds.
Until the 5-Day MA gets above the 21-Day MA (at the very least) its best to maintain a defensive stance.
Stay Safe
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