Bartender Friday, page-4

XJO down -0.35%.



XJO still doesn't know whether it is Arthur or Martha.  Bullish or Bearish.  It continues to battle out below overhead resistance.

Today, range increased over previous days, but still a narrow range day in the wider scheme.

It finished almost bang in the middle of today's range.  That doesn't provide us with much information.

The XJO is currently between a Rock and a Hard Place, i.e., overhead resistance, and the 13-Day MA.
Advance/Decline and UpVol/DownVol is a bit more forthcoming.

Here's an Oscillator based on the Trin ((A/D)/(UpVol/DownVol)), but tweaked a bit to make it more reliable:




The Tweaked Trin Oscillator has reached up to 20.  High is bearish.  That's the worst performance we've seen since 3 February.  That suggests we'll see more downside.

RB