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Good Morning and Welcome to the XJO Friday Thread
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News for Today (AEDST)
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The XJO Closed higher on Thursday, where spread remained wide, volume remained high, and the close was at the day high. The Index responded strongly to Wednesdays bar, which continues to look like a massive shakeout of the local market. Price also closed in a potentially bullish position, above the previous high & above the previous breakdown bars high. Volume was still very high on Thursday, so a brief or shallow pullback at some stage to test for supply would not surprise, but it is not mandatory.
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Good Trading and Investing
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