innovative - friday

Good Morning and Welcome to the XJO Friday Thread

News for Today (AEDST)

Yesterday the XJO put in a pretty 'bland' bar on slightly higher than average volume (value traded), although a touch lower than the previous two bars,
spread was a little on the narrow side & it closed a little off it's highs.
Not really giving much away......
This appears to be the result of the sectors being quite mixed, ranging from weakish to neutral to strongish.
So we have two weakish bars and a neutral bar now, with quite a bit of potential strength below.
Although I remain on the bullish side for now, should further weakness arrive I wouldn't be surprised to see it pull back to 'test' the breakout @ 5314, & find support there.

Good Trading and Investing

cheers