xjo - weekend charting and chat, page-6

XFJ

Personally i dont think the XJO goes anywhere until the financials move, this is still short of a new yearly high and i have been holding out for a move to new yearly and 5 yearly highs.

Financials are 45% of the XJO, so it pay to watch what this sector is doing

So whilst we dont have any sign of a reversal the bias is to the upside to take out the old May 2013 highs, so it probably drags the XJO a bit higher.