Eat what you want Friday

Good Morning and Welcome to the XJO Friday Thread

The XJO closed higher on Thursday.
The Index pushed higher from the open, breaking out above the previous five bars, but eventually closed poorly near the days low.   Price action like this can appear threatening, but it needs some (serious) downside follow through to confirm any weakness.   It will likely take a clean and clear break and close below the line @~6052 to change the current up trend.
That said, with the recent period of potential absorption above ~6052, there is a good chance Thursday's price action is also be part of the absorption process, and price is only temporarily masquerading as weakness.






Good Trading and Investing