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Good Morning and Welcome to the XJO Thursday Thread
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News for Today (AEDST)
The XJO closed sharply lower on Wednesday, where spread increased substantially, volume increased to above average, and the close suggested some speculative buying came in off the daily lows.
Baring a complete reversal (which is always possible, but somewhat unlikely), the Index has potentially broken down for a third time.
Either way, I expect there is a good chance the strength of the mid September lows will be tested now.
Good Trading and Investing
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