| Weekly Trend: | Down | |
| Daily Trend: | Down | |
| Daily Momentum: | ___ | Up |
A good performance by the ASX today closing up a little over 1% and more or less on the sessions highs. The May 21 lows remains untested and the price action is tracing out our wanted path from our supplementary XJO review earlier this week. The same can’t be said for the US market that looks a little soggy, albeit testing recent lows. I’d be on the watch for a ‘fakeout’ type pattern there if tonights probes lower but closes high in the session. That said it remains a coin toss over there and we could rise or fall by a marked amount depending on mood. The ASX looks okay from my perspective so we need to think that a near term bounce remains on track.
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