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Good Morning and Welcome to the XJO Wednesday Thread
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News for Today (AEST)



The XJO closed lower on Tuesday, where spread was wide, and volume above average.
The Index did see downside follow through in response to last Thursday's downbar, and accelerated lower with increased spread and volume.
This gave the Tuesday's bar a bit of a climactic look about it (hmmm, we'll see about that....).......anyway, at the close of trade price closed adjacent to the low of the most recent pullback, which suggests that some speculative (long) positions were probably taken off the day's low.  Further downside on Wednesday would infer a more serious pullback maybe in order.




Good Trading and Investing