Good Morning and Welcome to the XJO Wednesday Thread. News for...

Good Morning and Welcome to the XJO Wednesday Thread.

News for Today (AEDST)

The XJO pushed higher on Tuesday,
with a wide spread, closing high, but on reduced volume (value traded).
The low volume/wide spread was potentially a result of the recent price action (absorption, shakeout & tests, as noted previously),
which may have sucked up the majority of the short term selling pressure, leaving a brief supply vacuum.
Don't expect that sort of situation too last very long.

There was also a lack of direction coming from overseas on Tuesday with the U.S market closed Monday night,
perhaps allowing our market to trade more on it's own merit.

Good Trading and Investing


cheers