Transparent Accounting - Friday

Good Morning and Welcome to the XJO Friday Thread


News for Today (AEST)





The XJO closed higher on Thursday,
spread was narrow, close was high, on volume (value traded) that was just a little above average.

Bit of a questionable bar really, as the narrow spread and high'ish volume infer some selling pressure.
Which isn't much of a surprise, I mentioned that yesterday as a decent possibility,
and I am expecting that a retest of the breakout is a fairly high probability.

On the other hand, the bullish view would be absorption of supply at this new level.
As usual the next bar will offer some confirmation, of the previous bar, and the overall story as it unfolds.

Spoiler : ***Paddo's Special***

Good Trading and Investing


cheers