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Good Morning and Welcome to the XJO Thursday Thread
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News for Today (AEST)
The XJO sliced sharply lower on Wednesday
Spread increased (again), and volume (value traded) also increased, as price accelerated towards the downside.
The Index has been moving sideways for a while, but is now teetering on the edge of breaking down, and is vulnerable to resuming its downtrend from the previous highs. I can't say I expected price to be testing the lows of the range quite so quickly, and I would also not expect price to completely take out the lows of 5390.5/5383.7, without so much as even an attempt to find support (but it might.... we'll see).
Today should be another interesting day, as the charts story continues to unfold..........
Good Trading and Investing
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Expect the Unexpected - Thursday
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Last
7,767.5 |
Change
7.900(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,759.6 | 7,819.0 | 7,754.9 |
| XJO (ASX) Chart |