Really Fat Pizza, page-281

The XJO closed lower on Monday, leaving behind a daily bar of questionable value.
Price did close within the range of last Fridays bar, however look for Tuesday's trading to confirm the underlying intent.
Volume appeared low, but was pretty strong for a Monday (I'm not sure if this is a positive or negative just yet either).
This leaves a lot of "ifs and buts" surrounding the trading on Monday.
Price remains above the previous breakdown line (marked), which appears a positive, and leaves it well placed to absorb supply.
A clear break and close below that level (in green), would likely see price come down and retest the strength of the late October lows.


cheers