The XJO closed sharply lower on Friday, at least partly in...

The XJO closed sharply lower on Friday, at least partly in sympathy with the poor showing on overseas markets last night.
The Index now appears to have failed at the last hurdle, and illustrates the ongoing jitters in the market.
Price accelerated lower after briefly trading adjacent to the potential breakout high from mid April.
The close well below the previous bars low infers weakness, with the only saving grace at this stage being the reduced supply seen in the shadow of the ~5300 line previously.  We'll see if this remains the case when the market trades again next week.



weekly charts later tonight.

cheers

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