ASX bounced higher today off its horizontal support level. 18/4/24

XJO up today +0.48%.

The Triple Super Trend Lines remain blue and the RSI remains below 50, so the trend remains down.

We need to see the Super Trend Lines all change to yellow and some bullish indicators to go on the offensive again.

There was some optimism in the market today with Risk On Sectors leading the way. Technology did best up +1.01%. Materials came in second best up +0.99%.

Health did worst -0.47%. Telecommunications was down -0.25% and Energy down a little -0.1%.

In early European trading, Euro STOXX600 is up modestly +0.28%.

Dow Futures flat +0.07%. Nasdaq Futures up modestly +0.38%. Those figures are, however, off their highs from two hours ago.

Overnight Ozzie Futures are down -0.14%.

Good luck

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