labor and capital - wednesday

Good Morning and Welcome to the XJO Wednesday Thread

News for Today (AEDST)

The XJO moved sharply lower on Tuesday, with a wide spread,
slicing through the previous low on an increase in volume.
Price is nearing the bottom of the downtrending channel, which also roughly corresponds with a point and figure count across the previous congestion, pointing at a short term decline to ~5076.

For this to be considered some sort of bullish climactic action, a rise back above the previous pivot @-5158 (61+ points) would make this plausible.

Good Trading and Investing


cheers