Yesterday in Australia, XJO finished down marginally after testing support and rebounding. XJO -0.11%.
Last night in America, indices pulled the same Oz trick. Down heavily just before 2.00 p.m. American time, indices finished down a little, or up a little.
Dow Jones -0.2%. SP500 +0.02%. Nasdaq +0.22%.
SP500
Coming at the low end of a down trend and a Hang-man candle, I think that will be the end of this trend. Look for follow-through buying.
Last night's action, plus the intra-day rebound in Australia, makes for a positive day to day in Oz, although our market will probably start on the downside.
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