The XJO closed marginally lower on Tuesday, where spread...

The XJO closed marginally lower on Tuesday, where spread remained modest, and volume increased as expected.
The session was looking like it would develop into an absorption day with a positive close.
However. late afternoon saw the Victorian State Government announced a resumption of stage 3 Corona Virus restrictions for the Melbourne Metropolitan area (for the next six weeks), and in response the market lost all of the gains into the close of trade.
Price still remains above the previous breakdown, and remains within the range of last Friday's upbar, so no serious damage has been done.  The response over the next few days is important - to judge if any change in broader market sentiment has occurred.


cheers

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