An overbought Australian Industrials Index

In my mid May ‘Macro Extremes’ note, 2025 Australia’s ASX Industrials (XNJ) Index registered one of my overbought readings.

One month later, the XNJ has only drifted 1% higher….

but it is now very close to registering more notable, longer term overbought extremes.

June 19, 2025

rob@karriasset.com.au