The XJO closed lower on Monday.
Price never looked like pushing higher, and eventually closed at the lowest level for six days.
Obviously the chance the ~5300 level will be tested for strength increases considerably now.
In fact any downside follow through (confirmation) will likely test that level.
Actually a clear close below 5345 (the three day low) may sound an early warning for a change of trend,
it certainly would raise some questions...
cheers
.
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