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Paperclip Tuesday, page-2

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6

28/05/18

18:25

Post #: 33341285
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Originally posted by Jako8557 ↑

Good Morning and Welcome to the XJO Tuesday Thread

The XJO closed lower on Monday, spread increased and volume was below average (but average for a Monday)
The Index broke down and closed below the little support level that has recently held up price. Look for confirmation of that breakdown on Tuesday (or not). This is the second time price has swept lower recently, and although neither were particularly strong (both were on a Monday, and on relatively low volume...which is a bit weird and unconvincing.....to me at least......). This time spread was much narrower, but on slightly higher volume, which often suggests a trend may be getting tired.......we'll see......
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Good Trading and Investing

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Holds here Jako? – or down we go to the next level.

Cheers

XJO Value at posting: 6,004.0
5 Upvote

0 Great analysis

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