Wine and Cheese Tuesday, page-3

XJO down -0.61%.  It could have been worse.  At one stage it was down more than -1%, but a bit of buying in the afternoon knocked the sharp edge of the downward slide.



That’s evident in the long lower tail in today’s candle.

The Index went below horizontal support and then recovered enough ground to finish back inside the symmetrical triangle.

There’s an old saying on the market – don’t buy after two days up, don’t sell after two days down.
I have no idea about the validity of that statement.  If you look at this chart it seems to have some value.

Maybe we can see a bit of buying tomorrow.

RB