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Good Morning and Welcome to the XJO Monday Thread.
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News for Today (AEDST)



The XJO closed lower on Friday, where spread increased, and volume was very high.
The Index pushed down soon after the open, and by the day's end had clearly broken down below previous near term supports.
Barring a complete reversal, the Index is now likely to pull back to some degree.  
Remember, the depth and duration of a pullback will usually some insight into the underlying strength (or weakness) in the overall market.
Edit- There was some expectation the US markets may begin a pull back on Friday night, however this did not happen & the market eventually closed flat (after being considerably lower soon after the open).  It will be interesting to see if there is a response in sympathy to this in our market during Monday's trade.  I expect a complete reversal (where price closes back above Friday's high @ 5784.7) would be quite unlikely, however some indecisive but positive response would not surprise.





Good Trading and Investing