XJO on ASX has confirmation of upward movement

The RSI7 has now gone above the 30 line and the Stochastic39 has gone above the 27 line (127 on chart) and the EMA21 has confirmed by turning up making the upward movement of the XJO index strong. The larger caps will be the main participants in this initial phase because they dominate the index. Looking at the XJO heatmap, year to date, shows a good peppering of green and a good showing of grey meaning neutral/transition. The reds are retreating from view.