Viewer Discretion Advised - Tuesday

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Good Morning and Welcome to the XJO Tuesday Thread

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News for Today (AEDST)






On Monday the XJO closed a little lower on below average volume (value traded).

Price briefly attempted to move higher early in the session, however there appeared to be little appetite for higher prices,
and that lack of demand led to price coming off on low volume.

Mondays price action suggested it was waiting for direction or news, & there is still a reasonable chance the long term line at 5903.2 will be retested, should sentiment allow.






And just for fun....... and to see what happens  (coz I don't even know if anyone has done this before.....it's certainly new to me....)

This is the XJO Weekly Chart that completed today (see my weekend charting post if unsure whats going on.....)

So far after breaking out above 5679.5, price pushed up to almost reach 6000 before pulling back and challenging any sellers to take the upper hand. Then with the sellers in charge price was moved lower, but not low enough to actually retest the breakout, before the buyers wrestled control back and price again accelerated higher,  to close the week a little off the bars high.














Good Trading and Investing


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