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Good Morning and Welcome to the XJO Monday Thread
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News for Today (AEST)
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The XJO closed lower on Friday, where spread narrowed, but volume increased.
The Index never looked like accelerating higher, instead it traded inside the previous bar, appearing to continue the absorption process.
At this point nothing has happened to change my opinion that this sideways range is a potential re-accumulation zone......and I remain with a bullish outlook after this sideways range completes.
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Good Trading and Investing
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