Cherry Pie Tuesday

Good Morning and Welcome to the XJO Tuesday Thread


The XJO closed higher on Monday, where spread was decent, and volume - although below average - was quite strong for a Monday.
Importantly, there was no downside follow through in response to last Friday's questionable looking down bar.
On Monday, price initially tested last Friday's low challenging the sellers to come out, but it and rejected pushing lower.  Then price began grinding higher for the remainder of the day, eventually closing just above the minor resistance level above.  The stronger expected potential resistance level begins at the purple line above.
There is a decent chance price will attempt to push up to that purple breakdown line in the coming days.






Good Trading and Investing