European Central Bank - Wednesday

Good Morning and Welcome to the XJO Wednesday Thread


News for Today (AEDST)





The XJO sliced lower and through the first line of defense, following the weak overseas lead on Tuesday.
The clear break and close below the potential support line drawn across the 24th Nov high,
indicates that the Index is now in position to breakdown to some degree, should that be the intent.

Volume (value traded) was increased, spread was wide, and the close was low (back into the previous congestion to the left).
There did however, appear to be a little speculative buying off the lows, late in the session.
Anyway, as usual after any widespread bar, we watch for the strength of the follow through (if any)......in this case - supply to the downside.










Good Trading and Investing


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