10/5/23. Finspiration Wednesday Evening Report.
XJO down just -0.12% today after recovering (almost) from early losses.
Below is a chart for STW - a tracking ETF for XJO:
Intra-day buying is shown by today's yellow candle.
The chart has a slight upward bias, but anything can happen from here.
The middle Bollinger Band is the 20-Day MA - that's sliding sideways. The chart is oscillating around that line - showing aimlessness or indecision.
The 20-Day MA acted as resistance on Monday. Until that is overcome - caution is required.
The chart is marginally above the 8-Day EMA, which is below the 20-Day MA. Ideally, I'd like to see the 8-Day EMA above the 20-Day MA.
In early European trading, STOXX600 is down a little -0.25%.
Pre-market Dow Futures are down a little -0.11%.
Anything can happen from here.
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