Yesterday afternoon’s rally and bullishness certainly did not continue today. The excitement on US futures overnight resulted in a flat close in the day session with the Dow Jones down just over 3 points. On our market, the XJO shed 40.7 points after attempts to gain lost ground in the afternoon faded in the last hour of trade. The RBA leaving interest rates on hold could not excite the market either as the Australian dollar took a breather as well. Today’s price action sees the ASX Systematic portfolio join the Growth Portfolio in taking defensive action. That said the market is presenting a plethora of A-B-C patterns at present so these have been posted in the Discretionary Setups as the trend retains a somewhat neutral stance. Hopefully this is a bullish sign.