Safety Pin Tuesday

Good Morning and Welcome to the XJO Tuesday Thread

The XJO closed higher on Monday, where spread was about average, and volume was below average (even for a Monday).
The Index initially pulled back a little - soon after the open, but very few sellers were drawn out, which allowed price to then float higher on light volume.  This suggests is was more a lack of selling pressure, rather than increased demand, that allowed price to rise on Monday.
I do note that the close was back above the breakdown line, and marginally above the high of the breakdown bar (arrowed), more work needs to be done here, but if this can hold it begins to to look more positive for the longs.....






Good Trading and Investing