Indices 24/6, page-47

Not much happened for IOZ (an ETF for XJO) in June. Essentially range bound - going nowhere.

Detrended Price Oscillator is sitting at about 0 where it's been for June. Not trending.

The histogram for the MACD shows diminishing highs and lows from April - that's a sign of a sideways market.

Seasonality for BHP in July is positive. According to Shortman, over the past 10 years, July has been the best month for BHP. That could be a catalyst for a move in the ASX.

According to Market Index, July tends to be bullish. Since 1992, July has been the third best performing month of the year with an average rise of +2.19%.

Market Index notes as well:

In the past ten years (2012-2022) – The ASX 200 has been positive in July 100% of the time and up an average 3.28%, with a median of 4.25%.

2023 maintained its 10 YR perfect record in July, 2023, being up +2.4%.

However, look out in August, September and October.

RB