Australian international borders to open today, for the first time in 2 years (because of covid)
Nsw covid cases & hospitalisation continue to improve as the omicron wave has peaked January (without lockdown needed)
I focus on nsw as it is the largest state economy & half the Australian population
Everyone seems to have forgotten about covid, as the Russia/Ukraine distraction interferes with the real reason markets have been showing weakness
If the xjo is going to have a correction because of all the covid negativity, surely with all the positivity, markets should start showing support again
I always say to trade the charts & not the news
So if support doesn't hold today, then all this positivity will mean nothing
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