Thursday Evening Finspiration Report. 21/9/23.

 Are we there?

XJO down heavily -1.37% today.

Chart for STW ETF for XJO

STW reached the Point of Control (zone of heaviest volume) today and stopped after being down heavily.

That level also coincided with the lower edge of the Value Zone and the middle of a congestion zone.

That looks like a lot of confluence to me.  I doubt it will fall further.  Especially after such a big down day I'd expect a better day tomorrow.

Information Technology was the best performer today, down just -0.05%.  That was a bit surprising after big falls in the Tech heavy Nasdaq last night in America.