XJO HOURLY ... Further to my posting on the 31st ......

XJO HOURLY ... Further to my posting on the 31st ... https://hotcopper.com.au/posts/72169594/single ... , and since PB mentioned the (very S/T)Hourly was coming into some suppt the next(down day) morning I thought I would throw in my chart' now updated to take in the EOW data.

Short_Term HOURLY CHART ... That Up-Trend is still very much in tack. In addition, we again have (numerous) closes above my S/T Fib range 2.618% extension(Road_Map), and with Friday's bounce coming from the 2nd test of 2.0% Fib, the probabilities increase for this to reach its full potential of this timeframe(for me that's ~7850 or even as high as 7975) B4 we see any significant correction start.





Now have a look a look at the L/T HOURLY CHART ... for further evidence of continued UPTREND. Since the Nov.'23 low its still trending beautifully within its uptrend channel. Thur.'s low was right at the mid-point of that trend. The previous pullback low was also suppted there.



So, in SUMMARY ... we have the S/T Hourly, L/T Hourly, Daily, Weekly and (significantly) the Monthly all in strong uptrends. Very Hard to LIQUIDATE here on Technicals but equally hard to say BUY here on questionable Fundaments.