So Thursays upbar, for the sake of VSA/Wyckoff analysis, was actually a downbar, that (through over exuberance) closed as an upbar.
Anyway, the XJO sliced sharply higher on Friday, with a widespread, closing on its high, responding to the potential support seen earlier in the week. Volume was high, but probably effected by individual equity options expiry day, which always muddies the volume analysis somewhat.
What a weird looking Friday closing, five day chart we have.
No follow through in either direction....
The Index Repeatedly fails to breakdown when it looks potentially weak. and fails to breakout when it looks potentially strong.
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Last
7,943.2 |
Change
-171.500(2.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,114.7 | 8,114.7 | 7,920.0 |
| XJO (ASX) Chart |