Innovation Friday

Good Morning and Welcome to the XJO Friday Thread.

The XJO accelerated higher on Thursday, closing the highest since price brokedown Tuesday week ago, in what appears to be some quite attractive price action.  Spread obviously increased, volume was average, and the close was high.
There is a little shelf just above the current price (green lines) which I expect will offer (at least) some resistance, and this level may prove to be the high of the (expected) sideways range in the near term.  If not and price wants to continue higher (which is less likely, but always possible), the purple line above that will probably offer even more serious resistance in the short term, should price come up to challenge that level.






Good Trading and Investing