XJO,
Down day confirms the "NO Demand" from yesterday. Decreased volume and spread show LOW supply - so not a "weak" bar on its own and if we had a high volume day yesterday it might even be viewed as a sign of strength TESTING that SUPPLY - but I think it just shows a lack of participation, not buying the NO DEMAND on the DOW last night and preempting a red night tonight.
Interestingly - BHP HAS put in a weak day, and a sequence of weak days at this current level giving us a VSA short sequence
BHP - (Some High volume bars marked off as SR levels)
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Last
8,668.2 |
Change
-89.000(1.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,757.1 | 8,757.1 | 8,648.4 |
| XJO (ASX) Chart |