Friends and Relatives on Thursday

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Good Morning and Welcome to the XJO Thursday Thread

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News for Today (AEDST)






The XJO briefly dipped lower early in the session on Wednesday and then continued to grind its way higher towards the close.

Spread narrowed and volume (value traded) remained above average (although very slightly lower than Tuesday).
While a narrow or narrowing spread combined with high'ish volume can infer selling pressure (and this still needs to be considered).
However, at this point in time it appears that the Index is intent on grinding its way up through the supply present above the LT resistance line.

FWIW, I estimate the resistance at this level will last up to ~5980.8,   with the next higher LT line coming through @6105.6.
















Good Trading and Investing


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