Really Fat Pizza, page-851

The XJO closed higher on Monday, where the price action continues to suggest that selling pressure is generally pretty low.
Price also brokeout above the range of last Tuesday's bar today, and then pushed up to almost tag the weekly level (red), before closing back in the relative safety of its shadow (...just below it).
The Index has bumped up against this weekly level quite a few times recently, and price appears determined to break above it.  Often if price bangs up against a level enough, it eventually breaks through - and I also note that the Midcap sector has already done so...


cheers

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