XJO 0.84% 8,295.1 s&p/asx 200

selling too soon... - monday

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    Good Morning and Welcome to the XJO Monday Thread






    News for Today (AEDST)










    The XJO moved lower during Fridays session, only to recover most of the intraday loss's and close almost flat by the end of the session.
    Volume (value traded) was lower than Thursday, but not really low overall, so I expect some demand was present.

    We now have some potential absorption of supply prior to a shakeout (reversal) over three days, and a basic test bar on Friday.
    Another attempt to push higher should follow.




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    Good Trading and Investing

    cheers






 
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