Lumpy Rug Tuesday

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Good Morning and Welcome to the XJO Tuesday Thread

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News for Today (AEST





The XJO closed a little lower, after being much lower during the day
Spread increased as price dipped lower early in the session and tested the recent lows, before recovering most of the losses and closing back near the day highs.  Volume was just below average overall, but individually, was quite good for a Monday.
The Index traded between the two likely SR levels marked on the chart, and Mondays bar suggests may make an attempt at challenging the resistance above for a second time.  That said, I still feel that the widespread downbar from last Wednesday may become a controlling bar, where price trades within its range for a period of time (until a high volume 'effort' comes in, to break its hold).










Good Trading and Investing

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