Code of Conduct - Tuesday

------------------------------------------------------------------------------------------------------------------------------------------------
Good Morning and Welcome to the XJO Tuesday Thread

-------------------------------------------------------------------------------------------------------------------------------------------------









News for Today (AEST)






The XJO closed lower on Monday, after being much lower early in the session.
The Index has once again dropped  out of the old trading range, where a successful re-entry is proving to be difficult, as expected.
The recovery seen during the day on Monday, infers some (speculative ??) support came in (again) at the day lows.
Which suggests another challenge may be made to the resistance above.

In the near term, I am not overly confident the Index will successfully recover its former position in the trading range.
Perhaps it needs to spend some further time gathering strength first.
We'll see.......

The RBA hands down its June Interest Rate decision today.
In hindsight, last month's decision (5th May) was the catalyst for the Index to drop out of the trading range, with a nasty looking bar that was quite high early, but closed very poorly by the end of day
















Good Trading and Investing


.