Good Morning and Welcome to the XJO Thursday Thread
The XJO closed lower on Wednesday, where spread narrowed further, and volume was below average again.
Price came back a little, and the reduced spread and lower volume suggests not many sellers were drawn out.
The Index continues sideways in recovery and consolidation mode, and shows no overt signs of breaking down any further at this stage (although IMO, the market showed no obvious signs of weakness prior to the 5th Feb, so that appeared to come as a surprise.....).
Good Trading and Investing
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