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Good Morning and Welcome to the XJO Tuesday Thread
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News for Today (AEST)
The XJO closed lower on Monday
Price accelerated lower with a wide spread, volume was low (even compared to recent Monday levels), and the close was off the day lows.
The close suggests that some speculative (temporary...) positions were taken at the day lows
(which will most likely be quickly dumped today, if the overnight price action is not positive).
Overall, the Index remains above the important horizontal levels dominated by the longer term line at 5039.6,
& at the same time price continues to coil sideways into an apex, which suggests a decent sized move will eventually come.......
Good Trading and Investing
.
PS- thanks for opening on Monday redbacka
Have a Plan..... - Tuesday
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Last
7,831.8 |
Change
91.900(1.19%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,739.9 | 7,835.7 | 7,739.9 |
| XJO (ASX) Chart |