protecting your butt - thursday

Good Morning and Welcome to the XJO Thursday Thread

News for Today (AEDST)

Yesterday the XJO dipped lower early in the session, only to reverse up to close higher by the end of the day.
Volume (value traded) was about average, and just a little lower than Tuesday.
The XJO has two potentially strong bars now,
with Tuesdays downbar having a narrow spread on an increase in volume,
and Wednesdays bar dipping lower and reversing to close as an upbar.
That doesn't necessarily mean it will just blast up out of here, more that an 'attempt' to support the market has arrived.
We'll see how it goes from here.....
The two bars arrowed above the current price, where high volume was seen previously, may provide some resistance to the upside in the short term if it pushes higher.

Good Trading and Investing


cheers