XJO finished just on the positive side today after intra-day selling knocked the top off early gains.
XJO up just +0.04% today.
Horizontal Resistance at 7090 and Kijun Sen proved just to hard for the XJO and we have a bearish shooting star candle today.
Despite the flat finish today, seven of 11 sectors were up, led by Financials (XXJ) +0.86%. Health (XHJ) was the weakest -4.52% after CSL fell -6.3% on heavy volume, and RMD fell -5.26%.
Chart for CSL:
CSL is now down about -24% since its peak in early June. That takes it into bear market territory.
Plenty of possible positive divergences exist on the chart indicators so we could see a reactionary upside bounce in the near future.
I talked about Bank of Queensland yesterday. Here's today's chart:
BOQ rebounded strongly today off important horizontal support. That suggests that the worst is over for BOQ - but we still need to see more upside to confirm.
Europe has started its trading session in positive ground with STOXX600 up +0.77%.
Dow Futures up +0.3%.
Those are positive signs for Oz tomorrow if they can hold overnight.
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