Bondi Beach Tuesday

The XJO attempted to rise on Monday, but was unable to sustain the rally, and closed poorly - which never looks good.
And Monday's are notorious for having low volume (it is difficult to sustain a rally on low volume).
So until there is some serious downside follow through that closes clearly below the purple line, the most recent price action could just as easily be part of the absorption process at previous support, as weakness prior to an important breakdown.  No confirmation either way as yet.........

cheers