Collect your Thoughts - Tuesday

Good Morning and Welcome to the XJO Tuesday Thread


News for Today (AEST)





The XJO closed a little higher on Monday, volume (value traded) was quite low.

Spread was fairly narrow & the close was in the lower half of the bar, which combined with the low volume,
suggests that demand was lacking & there was little appetite for the upside on Monday.
It was a nothing day, or an indecision day.

The bearish view would say last Thursdays Upthrusty bar on decent volume, and Mondays No Demand bar, together,
suggest the market will attempt to head lower, and would be looking for a downbar on Tuesday to confirm.

The bullish view would propose that Fridays reversal bar, followed by an upbar on Monday, infer's the market will  endeavour to head higher.

There is no doubt the market is showing some difficulty pushing higher, and may fall back into (or continue in) the sideways trading range.


I am waiting to see if the Index can push up through 5555 to ~5575, at some point in time,
which would suggest some 'intent' to continue higher, & then look to buy on a pull back.
A fall back below ~5500'ish puts it back in the sideways range.

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

Good Trading and Investing


cheers