Bad to the Bone.... - Wednesday

Good Morning and Welcome to the XJO Wednesday Thread


News for Today (AEST)






The XJO appears very finely balanced between the supply and demand present right now.
There is supply above no doubt, and reasonable demand below,
and it would only take a small amount more of either, to move the market.....

I must admit I expected the Index to move higher on Tuesday, and it did make an attempt early in the session.
However, supply again arrived to knock it back down, and the XJO closed 'more or less' flat.
Actual volume was a little above average, and value traded was a little below average, albeit slightly higher than Monday.

In the Wyckoff lexicon, Tuesdays bar was very much like a 'hinge',
a precursor to a door opening, for a larger move.......in an undetermined direction (either way).

The longer it takes to push higher, the lower the chances are that it will happen in the near term,
leaving it vulnerable to the Index coming off under its own weight.
Any pull back will give some indications on the remaining strength within this upmove.








and finally the special,
which is a little more risque than yesterday, but nothing too serious....I'll build up to the next 'crass' one over coming days, haha

Spoiler : ***Paddo's Special***

Good Trading and Investing


cheers