Wednesday, September 6, 2023

6/9/23. Wednesday Evening Finspiration Report.

 Ozzie Market down heavily today.  XJO -0.78%.

STW down -0.71% today.  STW is a tracking ETF for the XJO.  That takes the STW breaking below the Supertrend Line and the 5-Day EMA.  

STW has also re-entered the Value Zone of the Volume Profile.  That usually means a trip to the lower edge of the Value Zone.  That's about -2.4% from the current level.

Europe is now down -0.71% in early trading.

Dow Futures down -0.17%.  Nasdaq Futures down -0.4%.

XJO has broken below the range of the first three days of the Month.  That suggests we will see weakness into the midddle of September.




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