Grateful Dead - Friday

Good Morning and Welcome to the XJO Friday Thread


News for Today & Saturday (AEDST)






The XJO closed modestly higher on Thursday

The Index spent most of the morning negotiating with the previous breakdown lines, before pushing through just after lunch.
Then it came right back and tested them again during the early afternoon, before moving higher again towards the close.

The narrowing of the spread on Thursday shows the difficulty the Index was having, absorbing its way back through the breakdown,
particularly as volume (value traded) was almost the same as Wednesday.

I sort of hoped SanFelipe's line would come into play on Thursday,
however it appears the intention maybe to again attempt to push higher, in the short term.










Good trading and Investing



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