Anti-Depressants - Friday

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Good Morning and Welcome to the XJO Friday Thread

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News for Today (AEDST)




The XJO sliced down sharply in sympathy with overseas markets, and closed lower on Thursday.
It looks kinda like a breakdown bar, but the break of support was not not particularly clear or clean,
and price did again close well off the daily lows, which offers some if's and but's on the bars intention........
Anyway, spread increased, but volume reduced, and the close was almost at midbar.........which also suggests that the break of support was not decisive, and that the Index remains reluctant to break below the trading range lows.
That said, should price eventually breakdown, the next lower reasonable potential support looks to be around 4758-4787.

Spoiler : *** Warning - a variation on skimming pebbles over water.... ***

Good Trading and Investing

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