10/10/23. Tuesday Evening Finspiration Report.

 The ASX had a very strong day today, XJO +1.01%.

Today's action took the index up past the 7000 horizontal resistance level.  That's a positive.

XJO is now opposite a congestion zone where it consolidated for over a week.  That might cause some poor consolidation now.

If it gets through that zone, the next significant resistance is the Kijun Sen of the Ichimoku Cloud system.

The chart shows four days so far in this surge to the upside, so that might be all for a couple of days.

All sectors were up today - so breadth was good.

Weakest today was Financials (XXJ) +0.63%.  

Best was Utilities (XUJ) +4.17% followed by Information Technology (XIJ) +3.02%.  Good to see one of the most important growth sectors responding well today.  

Europe has followed Australia to the upside in early trading tonight.  STOXX600 +1.1%.  Dow Jones Futures are up a little, +0.16%.