No doubt the local market is driven by 2 biggies – mining and banks. Last bounce is fueled by mining, finances were lagging to keep up the the same speed.
and the helicopter view
Mining (BHP made a major break out from the year long ranging, RIO is within the same raising channel)
so with XJO we have now a topping negative divergence in RSI, sloping down MACD and the raising channel break