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XJO 6,339.2

Nobodys Knows - Tuesday

  1. Jako8557

    15,682 Posts.
    459
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    Good Morning and Welcome to the XJO Tuesday Thread



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    News for Today (AEDST)

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    The XJO closed higher on Monday,
    which does offer some confirmation that Fridays bar & volume (value traded) was not necessarily a sign of weakness, as there was no immediate follow through to the downside.


    The Index spent some more time during the morning absorbing supply around the 5614 level, in a similar fashion to Friday, before punching through and up into the old congestion zone left behind from late August/early Spetember last year.

    Although the Index is beginning to look a little over extended in the short term, Mondays bar suggests it may not be ready to pull back just yet.

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    Good Trading and Investing


    .

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