11/4/23 Tuesday Evening Inspiration Report.
XJO is in a strong upside trend. Today, XJO was up +1.26% despite a lack lustre lead from the U.S. last night.
XJO jumped up this morning away from its recent short-term consolidation. It finished well above its 50-Day MA.
The three Supertrend lines are all strongly bullish.
After such a strong day we might see some settling back tomorrow.
Next resistance level is at 7365, support at 7226. XJO finished today at 7310.
Both DZ Stochastic and RSI confirm the uptrend. RSI is at 62.32 - so there's more room to move before it gets into overbought territory.
Until otherwise indicated stay with the trend.
Stay safe.
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