Wednesday Evening Liqueurs. 27 July, 2016.
XJO barely moved from yesterday's final quote, up +0.04%. That, of course, hides the intra-day action. The Index was up early but faded off as the day progressed. Today's candle is a bearish "pin". If, indeed, it is bearish it has to show downside action tomorrow.
Today's action comes at horizontal resistance and an overbought reading on the RSI. That increases its reliability. But, we still have to see downside action in the next day or two.
RB.
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Wednesday Evening Liqueurs. 27 July, 2016. XJO barely moved from...
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