Obsessed - Thursday

Good Morning and Welcome to the XJO Thursday Thread


News for Today (AEDST)










The XJO closed a little lower on Wednesday,
with the spread narrowing considerably, on slightly lower volume (value traded).
The bar closed high, and it certainly appears that positions were taken on Wednesday.

There was some optimism shown across the market on Wednesday,
with the daily bar pushing lower initially, before rebounding strongly to close near the day high.


However, the Index needs to prove itself now,
and get back above those breakdown line's, before any upside targets can be considered.
Therefore I included SanFelipe's line today, as I liked the look of it,
and it may prove to be a logical place to go in the near term, should the Index remains below the breakdown lines.









Good Trading and Investing


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