XJO finished up a little today, +0.19%. It was fairly strong early in trading but a strong employment report (means interest rate rises) knocked the index back down.
XJO remains in a down trend despite having three days to the upside. It is now facing resistance from the Ichimoku Conversion Line (light blue line) and the lower edge of the Kumo Cloud.Iron ore miners and banks were strong today. BHP +0.76%, Rio +2.59%, Fortescue +3.59%. Banks +1.11%
I'm expecting a softer day tomorrow for the Australian market.
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