XJO 0.40% 6,762.3 s&p/asx 200

Different Coloured Eyes Tuesday

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    Good Morning and Welcome to the XJO Tuesday Thread

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    News for Today (AEST)
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    The XJO closed much higher on Monday, the highest close since the 9th June.
    Spread increased substantially, and while the volume does not look very high, it was pretty good for a Monday, and the close was at the day high. Price accelerated higher throughout the day and never looked like coming under any selling pressure.
    The momentum generated may continue to carry price higher in the days to come, but don't be surprised to see the Index come back and test the strength of today's breakout at some point, even today  (if only briefly).  Price does have quite a bit of stale congestion to the left now, and there will be supply in there which will need to be absorbed if price is going to continue higher......no doubt about it.
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    Good Trading and Investing

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