Magna Carta Wednesday

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Good Morning and Welcome to the XJO Wednesday Thread

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News for Today (AEST)





The XJO initially accelerated through through previous support levels, then continued to grind down, to finally close sharply lower on Tuesday.
Spread increased substantially, volume was above average, and the close was poor.
The Index closed the day with the congestion from late April to the left, and on top of the March highs, which really is the 'last chance support' of this whole move higher.   A continued move lower now, will mostly likely change the intermediate trend to bearish, and begin a price breakdown.








Good Trading and Investing

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