Really Fat Pizza, page-824

The XJO closed lower on Thursday, where spread and volume increased moderately.
Supply continues to be drawn out, which the market is still attempting to absorb - and is still doing a decent job of it (at least on the surface).   This is the third day where there is increased supply has potentially shown up on the chart.
If this supply persists it strengthens the chance price will come back and test the recent breakout.
On the downside, it would likely take a clear close below ~5100 for price to turn around and threaten a breakdown.


cheers

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