XJO 0.99% 7,896.9 s&p/asx 200

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    Good Morning and Welcome to the XJO Monday Thread

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    News for Today (AEDST)

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    The XJO closed higher on Friday.

    As anticipated on Thursday, the Index sliced down lower early in the session,
    but it reversed around lunchtime and recovered the mornings losses, to finish modestly higher at the days close.

    This whole congestion zone alongside and above the highs of the potentially strong, widespread upbar from the 13th February, continues to look like absorption of supply (portrayed by the usual pressing nature to the upside, and the lack of follow through to the downside after any down bars). Confirmation of this would come with an acceleration higher, away from the danger zone.

    Volume (value traded) was affected by the usual spillover from Equity Options and Futures Expiry that ocured on the 26th, which somewhat muddies the waters on the volume analysis for a day or two, until it all settles down again.

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    Good Trading and Investing


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