a picture is worth a thousand words--wednesday

Good Morning and Welcome to the XJO Wednesday Thread



News for Today

The XJO continued to accelerate higher again on Tuesday,
after briefly being lower in early trade, and failing to attract any meaningful supply,
it reversed higher and moved up to challenge the breakdown line from late January, and closed just below it.
Tuesday's rise was mainly due to the Financials sector, with other sectors mostly flat to modestly higher.
Selling pressure appears low in this upmove so far,
volume (value traded) has remained a little below average for the last two days,
while decent spreads have continued to be maintained.
Potential resistance should become somewhat stronger above the breakdown line from late January,
increased volume (effort) will most likely be needed to push up and through the congestion to the left.

Update chart of the ASX Gold Index chart I posted on Monday night.
Now showing a clear break higher.

Good Trading and Investing


cheers