The XJO closed marginally higher on Thursday, after trading in...

The XJO closed marginally higher on Thursday, after trading in negative territory for most of the session.
It was Index expiry day.  This doesn't usually overly affect volumes, which were again above average.
Spread narrowed considerably, and the close was strong.
There was a decent attempt to support the market on Thursday, as increased demand came in.
This new buying can easily be dumped - the period of accumulation is always tentative (or provisional) - so overnight trading will probably be watched carefully (for signs of accumulation over there - there is a gap on the DOW which price may go down to close, this would then allow for the 'offer' to be bought back up from a low level).


cheers