XJO up a smidgin today +0.15%. [IMG] Nothing much was resolved...

XJO up a smidgin today +0.15%.



Nothing much was resolved today.  Friday down – today up.  About the same.

The chart remains within the bearish up-sloping channel.

The important deflator on our market today was XMJ:



XMJ today was down -1%.  The three-day candle stick pattern is bearish.

XMJ has been the major factor in our market recently.  The bearish result today is not positive.

XXJ is the largest sector by far in our market.  Today it was down -0.23%.  Given that the market was up today – that result suggests some internal strength.

The chart pattern in XXJ is, however, a bearish triangle pattern, so we can expect more down-side in the XSJ.

So, we’ve got bearish patterns in the most important sectors (XMJ and XXJ).

I think the next significant move will be to the downside.