Weekend Charting and Chat - 16th October 2015, page-3

The XJO closed higher on Friday
Spread increased to about average, and volume was again right on the average line.
The close was roughly in the middle, reflecting that supply was again drawn out as price rose towards the trading range highs.
This supply is normal at important levels, but will thwart upwards progress, and will need to be removed one way or another (absorbed or shaken out), or on the other hand, if the selling pressure is too strong,  price will be overwhelmed and the supply will take the Index lower.

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