Monday, May 15, 2023

Finspiration Australia.

 15/5/23.  Monday Evening Finspiration Report.

Australian Market up a smidgin today after losing ground early in the session.


XJO up just +0.14%.  This is the fourth doji in a row with a long lower wick - indicating intra-day buying.  But not enough to push the Index out of its sideways movement.

The Index has been finding support at the top of the Kumo Cloud so it remains in bullish territory.

It wouldn't take much to nudge this up into a bullish rally - but until we see clear evidence for that it pays to be patient.

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