Pig Day - Thursday, page-2

XJO had a big down day, -0.68%.  That's not surprising given a strong uptrend running into a congestion zone.



OK.  So we had a down day.  And it makes a three-day bearish signal.  Expect more downside?

How much?  

Probably not much.

The chart has plenty of support nearby.  Maybe that will hold, or not.

But the odds favour a stop around the support levels around 5980.  That's a discount from today's close of about -0.6%.

So I'd expect the XJO to drop of 5980 in the near-term and then bounce.

Let's see how we go.