Fifty Bucks to Fill Up.... - Monday

Good Morning and Welcome to the XJO Monday Thread

News for Today (AEDST)





The XJO closed lower again on Friday,

Although the Index did not respond positively to the spring seen on Thursday,
Friday was in some ways a potential secondary test of the spring.
However that said, it still needs to respond higher to confirm,
a breakdown and failure now would open up the possibility of reaching lower targets.




Note - ignore the average volume line..... it doesn't look right.....

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The intraday chart shows the spring, and the potential secondary test of the spring,
however, it also shows Fridays price action within an Apex.

An Apex often develops as a continuation of an existing trend,
so watch for the direction of the volume on a breakout of the Apex (and beware of a low volume fakey).




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View attachment 33651




Good Trading and Investing

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