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Good Morning and Welcome to the XJO Wednesday Thread
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News for Today (AEDST)
The XJO closed slightly lower on Tuesday, where spread and volume were both about average, but the close was poor.
Soon after the open price accelerated higher in sympathy with the overnight trading, however once again supply was drawn out, this time enough supply to overwhelm demand, and force a close down near the day's low. So the expectation is for a downbar of some form in response. That is not to say there will be a downbar next, just that it is quite likely. And if there is downside follow through in response, just how much supply is drawn out, and how deep (or shallow) the pullback is, will offer some insight to the overall strength of the market.
Good Trading and Investing
Hippo Wednesday
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Last
7,818.7 |
Change
-13.100(0.17%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,831.8 | 7,831.8 | 7,807.7 |
| XJO (ASX) Chart |