The XJO closed marginally higher on Tuesday, after again dipping...

The XJO closed marginally higher on Tuesday, after again dipping lower and recovering the lost ground.
Price remains right up near the top of last Tuesday's up bar (arrowed), which is generally a sign of underlying strength.
The market appears well positioned and looks poised to continue higher.
The Index has now spent five days trading sideways with a relatively narrow range, this lack of movement just about to become a concern.  So that is the only real negative right now (time), if the opportunity to breakout further does not present, short term confidence may begin to wane - which may lead price to drift lower.


cheers

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