Stress Management - Thursday

Good Morning and Welcome to the XJO Thursday Thread


News for Today (AEDST



The XJO closed slightly higher on Wednesday.

And while trading pretty much remained within the range of Tuesday's bar, and within the low and close of Mondays bar, it wasn't really a convincing trading day.

The last two bar's set against Mondays bar represent a somewhat ambiguous set up,
with Mondays bar showing some potential support present,
then Tuesdays bar (mostly) remaining within the range of Mondays low and close, but closing low on an increase on volume,
then Wednesdays bar rallied, but failed to hold the gains by the close of trade, but still remained within Mondays Low and close.

Ordinarily the last two bars would represent a weak'ish holding pattern, with further downside expected,
and this may still be the case,
however while price remains within Mondays spread or range, some hope still remains that absorption is taking place.

Personally, I favour the former, however I have to consider the possibility of the latter, and allow it some probability.

I'll just watch what happens tomorrow, with the above in mind, and deal with it as it unfolds..........









Good Trading and Investing

.