Hello - Tuesday

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



The XJO closed lower on Monday, where spread remained about average, and volume was pretty good for a monday.
The index dipped a little lower initially, then recovered most of the lost ground by the close.
The expectation in this situation is normally for an upbar in response, however this needs to be put into context with the overall chart.
As can be seen on the cumulative volume chart below, the recent pullback drew out the most downside volume since early September, so it may take a bit more supportive (sideways) action to overcome this little downtrend.  And if price were instead to clearly breakdown below the congestion to the left this week, it would be a sign of ongoing weakness.






Good Trading and Investing