All or Nothing Tuesday

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Good Morning and Welcome to the XJO Tuesday Thread

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News for Today (AEST)




The XJO closed higher on Monday
Spread increased, volume was below average (but pretty normal for a monday), and the close was just above Thursday's high.
It appears that (again) price has just floated higher on a lack of selling pressure.
The increased spread and lack of any supply event, reduces any concerns about low demand.
I don't have any serious resistance (only minor) above the current price until 5606.7, where there is another band similar to the one recently encountered.
To turn this trend down now, it would initially need a break below Friday's low (@5477.9), but it is last Wednesday's low (@5439.8) which currently holds the key to the downside.  
The band of former resistance which has recently been negotiated, should now offer some form of support, so any pull back will be considered sideways movement, until last wednesday's low is clearly broken.









Good Trading and Investing

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Spoiler : ***Warning - Saucy Cartoon***