Hostile Takeover - 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, which is the seventh consecutive down day.
Price is no longer accelerating lower, and the last two days are both showing attempts to offer support to the market.
Spread did increase slightly on Monday, volume was lower (but OK for a Monday), and the close was about midbar.
The Index is 'holding on' at the lows of the trading range, and while there has been a couple of attempts at supporting the market.
It wouldn't take much more effort to break it down now.
That said, price has been lower for seven consecutive days, so some sort of upbar (even one that shows a response to the potential support, but eventually fails) would not surprise in the near term.

Spoiler : *** Warning - a surprising view,  first thing in the morning..... ***

Good Trading and Investing

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