Different Coloured Eyes Wednesday

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Good Morning and Welcome to the XJO Wednesday Thread
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News for Today (AEST)



The XJO closed marginally higher on Tuesday, where spread was about average, and volume a little below average.
The sideways malaise continues overall.....and both days this week have also traded 'inside' last Friday's range, and both have closed in about the middle of their bars.  
Trading on Tuesday showed that no serious selling pressure was drawn out when price dipped lower, but also showed a lack of demand when price attempted to push higher.  
I still lean slightly towards the bullish side overall, however there might need to be a catalyst of some sort to get things moving, and until that occurs sideways might be the new normal..........Finally, be aware that while volumes are lower than average, and movement is slight and range bound, the opportunity for an engineered shakeout (sometimes over multiple bars) may become a reality, especially at the lows of the trading range.




Good Trading and Investing





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