07/03 Week, page-175

Unfortunately for the xjo, the rest of the world will have larger bounces compared to us

XJO has already done a lot of short covering recently
So we're not going to see 4% jumps in a day
We're going to need retail to pump markets for any melt ups
Unfortunately I don't really see that happening

As I mentioned yesterday, until the xjo can get above 7120, hold that position & bounce from that level, we're still consolidating
7120 is top of my bear fence today (7100 at the close)
I'll look to short near there or any obvious backtests (the open could be a good quick short as well)
7040-50 needs to hold backtests for me to keep holding long positions from yesterday (increases as time goes on)
I might add to long positions from there if it holds
I'll add to short position from there if it fails & close out remaining long positions

AUD is back on bull track again
But will need to move back into the above channel or it can still make a big move down again