Red Flags - Monday

Good Morning and Welcome to the XJO Monday Thread


News for Today (AEST)





The XJO made a charge higher early in the session, which slightly exceeded the previous high,
before coming off and closing lower on Friday.
Volume (value traded) was quite high, although ASX Equity Derivative Expiry from Thursday may account for some of that.
Expiry volume is difficult to reconcile immediately, but can be put into context after another day or two's price action.

So after two relatively strong days bouncing up off of potential support, we now have some possible weakness coming in at potential resistance.
Probably not surprising really ........ as sideways appears to be the new normal.

Supply and Demand look quite finely balanced right now, with demand below & supply above,
a slight imbalance of supply and demand, either way when it comes, should break this long winded sideways action, one way or the other.

Spoiler : ***Paddo's Special***

Good Trading and Investing


cheers