investmints - tuesday

Good Morning and Welcome to the XJO Tuesday Thread

News for Today (AEDST)

The XJO moved lower on Monday, spread was wide & it closed in the top half of the bar.
Initially the Index sliced down and through the first potential support zone (Jan 14 highs/Oct-Nov breakdown),
however eventually the selling pressure eased and some support arrived.

Volume was fairly low overall, so not much support was needed for it to bounce back up and close back in the potential support zone.

As it stands Mondays bar is an unconfirmed low volume shakeout, although any follow through supply could easily see it fail here.

Long Term Chart

Interest Rates - yield on 10 year U.S. Treasuries 1791-

Good Trading and Investing


cheers