The XJO responded positively on Tuesday, closing sharply higher.
Volumes were quite low, possibly due to Melbourne Cup day.
It was a very nice response to Mondays questionable bar with the highest close since 22nd Oct, however the low volume does not offer much confidence, although price did close (logically) at minor resistance. The recent trading has been mostly positive which is promising.
The overseas response to the US midterm election result will likely influence world markets (remember the massive shakeout that issued strength to all world equity markets after the Trump election win....), so possibly best to wait for that in the near term.
cheers
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