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XJO 6,037.1

Common Courtesy Tuesday

  1. Jako8557

    15,436 Posts.
    200317 common courtesy Tuesday.png

    Good Morning and Welcome to the XJO Tuesday Thread

    News for Today (AEDST)
    200317 news.png

    The XJO closed lower on Monday, where spread was again a bit narrow, and volume was especially low, even for a Monday.
    In response to the two questionable high volume bars from late last week, price dipped lower from the open, and effectively offered the upper hand to any sellers, to see how much supply would be drawn out.  And the result was a narrow spread and quite low volume, which suggests that very few sellers emerged, and saw price eventually close back within the range of last Friday's bar.......although only just.
    So the expectation remains towards the upside, however I do note that price maybe vulnerable to a supply or news event, until it is able to show sufficient strength to accelerate away from the danger zone.
    200317 xjo.png


    Good Trading and Investing

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