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Good Morning and Welcome to the XJO Friday Thread
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News for Today (AEST)



The XJO closed marginally higher on Thursday, where spread and volume remained about average, however the close was poor.
The Index attempted to push higher in response to the previous two bars (which had inferred buying or support), however increased supply was drawn out as price rose, which eventually forced a close near the low of the bar.  This leaves a bar which suggests weakness, although it needs a 'clean and clear' downbar in response, to confirm the potential weakness.  Many will now be watching for any downside follow through today, and if it comes - the depth and duration of a pullback will offer some insight as to how serious it will be.  A clear break and close below the late August low @5645.8 would suggest a change in trend may be beginning.





Good Trading and Investing