BACK TO NEWS FEED

1 year ago

XJO Channel: The Australian market is one of sector strength not broad support.

Too many long term predictions are made on short term charts.
The XJO monthly chart shows the Index in a weak UP trend with many months overlapping.
With current uncertainty in the earnings season a retest of the lower channel line would be the most obvious support level.
With plenty of interim support levels on the way.
PRIMARY Trend remains UP.

XJO Monthly