8/5/23. Monday Evening Finspiration Report.
XJO up strongly today +0.78% after a good move in America on Friday night.
In the short-term, the chart is bullish with the DZ RSI and DZ Stochastic both moving to the upside and marginally above their trigger lines.
In the medium term, the 20-Day MA is moving sideways and may prove resistance to further upside in the index.
A move higher tomorrow would be a "buy" signal.
Currently in Europe, stocks are nudging higher with STOXX600 up +0.24%. U.S. Futures are mixed, with Dow Futures up +0.13%, but Nasdaq Futures down -0.9% - both are more or less flat.
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