Oatmeal Muffin Monday

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Good Morning and Welcome to the XJO Monday Thread
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News for Today (AEDST)




The XJO closed slightly lower on Friday, where spread narrowed, volume increased (but was likely to contain some carry over volume from Thursday's expiry day), and the close was midbar.  Although possibly not complete yet, the thrust higher appears to have shortened on the last leg higher, which if proven correct, may suggest the trend higher has lost some vigor, and could need some sideways consolidation or a pull back to regain some strength. (the Index currently trades with a positive influence from that Trump induced shakeout, until a decent supply event takes place)  On Friday the much narrower spread and high volume infers an element of support was present as price tested the late November highs.  The response to the potential support this week (and today) will probably be important.




Good Trading and Investing




......and finally, another big thanks to @h00ts & @V* for helping out last week,
if anyone else would like to have a go at starting a daily thread, i'll need some help again early in the new year.........