7/3/23. Finspiration Tuesday Evening Report.
RBA announced its interest rate decision today, up +0.25%. That may not be good news for home borrowers, but the stock market liked what it heard. XJO up +0.49% today. It was more or less flat when the RBA decision was announced.
I think Blind Freddy could see that this chart is looking bullish. Today's candle finished above the 8-Day EMA and the 50-Day MA. The Supertrend has switched from blue to yellow - bullish.
Barring nasty surprises from the U.S. tonight, we should see more upside in the near future.
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