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The XJO closed higher on Friday, where spread was about average,...

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    The XJO closed higher on Friday, where spread was about average, and volume was reduced.
    The Index continues to consolidate sideways in the shadow of the Weekly level above (red).
    There was no downside follow through in response to Thursdays 'threatening' downbar, so any perceived danger can be discounted to some degree.   
    Overall anticipated resistance is @~5500 above, and the important level to watch below is @~5200
    xjo 150520.png

    Weekly Charts later tonight.

    cheers

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