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Good Morning and Welcome to the XJO Wednesday Thread
In response to the potential support seen recently, the XJO accelerated higher on Tuesday, with an increased spread and increased (but not excessive) volume. Price is back above the early February lows now, and appears to have averted a price breakdown......at least for now. If price continues higher, the two lines above (which mark the lows of the previous range), are likely to offer some form of resistance.
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Good Trading and Investing
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