Last week ended in another below average volume trading day, 20M...

Last week ended in another below average volume trading day, 20M asx, and just under 12M Chi-x. 8day SMA is tracking just under the price candles, which is a still a positive indicator to keep in mind as we enter the new week.

Depth is still a 2:1 ratio as we saw the last 4 or so trading sessions.


Daily chart: MACD is above the line and showing green bars, RSI is above 50%, and DMI+ and DMI- are still crossed. Problem is the ADX is still below 30, so no material positive trend yet. Stochastics is really directionless at the moment. BB running near paralleled, with a slight upwards blip on the top line. 8 day SMA and price candles are still above the BB MA, may be a good start to the week.....
As we discussed last week, we are probably seeing a bit of sideways action for a bit until the market settles on a direction. Still more buyers demand than sellers on the depth and that's been the case for a few trading sessions now.