Yesterday in Australia, ASX was down heavily, XJO down -0.7%. Overnight Oz Futures up +0.26%
XJO had a wide-range day on Friday, with evidence of intra-day buying (long lower wick on Friday's candle). The intra-day buying bounced off horizontal support plus the Ichimokue Conversion Line and the Supertrend Line. Powerful triple support. Overnight Futures suggest the rebound will continue on Monday.
Overnight in the U.S., Dow Jones went on its winning ways, up +0.5%.
Friday night's candle was an "inside day" - completely within the range of the previous day. That indicates indecision. Plenty of support exists below the current set-up, so, at this stage, I'll presume that any pull-back will be bought.
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