20/4/23. Thursday Evening Finspiration Report.
XJO finishes flat, again.
XJO down just -0.04% today. Another narrow range doji candle-stick.
The first short-term sell signals were triggered today. Hull MA13 - that's the dotted line hugging the chart - rolled over. DZ Stochastic finished below its top signal line.
I like to see these confirmed by a close by the RSI below its 20-Day MA - that's the median line of its Bollinger Bands.
Despite the apparently benign trading today - that hid some big changes.
Resources ETF OZR fell heavily.
Two of three Supertrend lines switched from bullish to bearish.
All three indicators in the lower panels all triggered sell signals.
To counter that - banks had a good day.
MVB (ETF for Banks) rose by +1.69%. It is now hard up against the 200-Day MA which often results in a pull-back.
In overseas markets tonight, things are looking grim. European stock markets are lower. German DAX down -0.71% and French CAC down -0.34%. Dow Jones futures -0.45%.
I think we'll see follow-through selling in the Oz market tomorrow. (After all - we did have an eclipse today.)
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