It's all down to luck...... - Wednesday

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Good Morning and Welcome to the XJO Wednesday Thread

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News for Today (ASEST)





The XJO closed sharply higher on Tuesday, as the index continues to arrest the downwards stride and begins to push sideways.
Spread or Range increased again, as did volume (value traded), and the close was high.
Price pretty much stalled out at the 200 period SMA (not shown) on Tuesday, which is currently at 5588,
and the horizontal resistance above that is expected at the early June breakdown line of 5606.7.
Both these levels may cause some difficulties for price to negotiate if it is to continue higher in the future.















Good Trading and Investing

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