Get over it....Thursday

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Good Morning and Welcome to the XJO Thursday Thread
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News for Today (AEDST)



The XJO close marginally lower on Wednesday, where spread and volume both contracted to below average.
Price continues sideways.......as it has done since late February.
Once again price dipped lower soon after the open, and this time supply, or selling pressure, was even lower, suggesting that the sellers maybe drying up.   For the last four trading days, the upper hand has been offered to the sellers, and so far they have not taken up the opportunity.   Instead, price keeps making slightly higher lows (showing a pressing nature towards the upside), three of the four days have seen a slightly higher close.  And the last three bars have also seen a relatively tight clustering of closes.  All of which continue to suggest that the buyers are accumulating or absorbing the supply from any sellers who are present.  At some point an acceleration higher in response would confirm these thoughts.......but until something actually happens (either way) it is just speculation.





Good Trading and Investing