XJO up modestly today +0.28%. STW (ETF for STW) up +0.25%.
STW inched closer today to major horizontal resistance and is opposite Point of Control on The Volume Profile to the left of the chart.
Tomorrow is RBA interest rate decision day (and Melbourne Cup). STW is at an inflection point, so the Interest Rate decision will likely be decisive for the near-term direction of the market.
Health (XHJ) was the best performer today, +1.47%, while Energy went the other way -0.97%.
Woodside is the largest stock in Energy. Here's the chart:
There's no clear sign yet that WDS is ready to turn around, but it is oversold so a rally may not be far off.
In early overseas trading, Europe its flat (STOXX500 +0.09%) and Dow Futures up a little +0.12%.
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