Good Morning and Welcome to the XJO Monday Thread
News for today (AEDST)
Well the XJO sure responded in an uncompromising manner to the questionable looking narrow spread upbar seen on Thursday.
And so much for it possibly being an absorption bar, with it slicing down with a wide spread, and closing on it's daily low,
there was really no doubt after the first 3min bar on Thursday.
Intraday chart
Daily Chart
The Volume (value traded) was quite high on Friday, so there must have been some spill over from Equity Expiry listed to take place on Thursday.
Interestingly though, it did not take out the lows from last Friday week ago.
Good Trading and Investing
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