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7,777.7 s&p/asx 200

Smoke and Mirrors Wednesday, page-2

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46,640 Posts.

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28/03/17

21:04

Post #: 23689923
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Originally posted by Jako64 ↑

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Good Morning and Welcome to the XJO Wednesday Thread
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News for Today (AEDST)
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The XJO closed higher on Tuesday @5821.2, where spread increased substantially, and volume was just above average.
There was no serious downside follow through in the US overnight, which left our market in a clear position to respond positively, after Monday's potentially strong bar and volume. The Index accelerated higher from the open, eventually closing at the highest level since 5th May 2015 (@5826.5), as it moved towards the previous highs. Some momentum should now have been generated, which should continue to carry the Index higher in the coming few days, and potentially issue a strong challenge and create a new breakout.
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Good Trading and Investing

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XJO Value at posting: 5,821.2
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