17/5/23. Wednesday Evening Finspiration Report.
The Australian market was weaker today with the XJO down -0.45%.
The short-term Hull MA13 has turned down, Indicators in the lower panels have turned down.
Tenkan Sen (Conversion Line) is below the Kijun Sen (Base Line). This is a bearish configuration.
The Index remains within the Kumo Cloud - which is a no trade zone. This can still go either way.
Today's candle shows a long lower wick, so bulls were in the market today trying to push the index back up to the upside.
A break below the Kumo Cloud would be bearish.
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