Another "nothing" day on the ASX. It started positively but faded away with the XJO finishing flat +0.03%.
Commonwealth Bank and Suncorp both report tomorrow. CBA could be market moving given its size. By market Cap., CBA is the second largest stock on the ASX after BHP. It also correlates well with the other big banks, so whatever happens with CBA is likely to affect the other banks.
Heiken Ashi Chart for STW (tracking ETF for the XJO).
The chart is sitting right at the Point of Control - the price level at which most volume has occurred.
POC often results in a "shuffling" about - with the stock/index going nowhere.
Look for a break either up or down from this level.
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