Todays XJO broke back down through the supporting upper tine of the ST fork we put in last week. As soon as it did that, the obvious target was a green support tine retest
Zoomed for the detail
To get a lead on which way it will go I brought up the SPX, which broke up from it's descending fork very weakly last night
and had a look at the DJI, which has not managed to rally up to the Median Line of it's rising fork. That is a sign of weakness in the rally.
The odds are the XJO will gap down in the morning, then back test the breached green L-MLH, before it uses the red L-MLH for retreating support
JMHO anyway
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