Social Media Thursday

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Good Morning and Welcome to the XJO Thursday Thread

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News for Today (AEST)
Heaps around the world today.......




The XJO closed higher on Wednesday
Spread narrowed, volume reduced to the lowest for the last four days, and the close was just a point higher than the breakdown line.
It appears the Index was not interested in doing the big breakout Wednesday.  The lower volume might be interpreted individually as a lack of demand.   However when it is put in context with the rest of the chart, which suggested some potential strength recently (and also a bit of a look 'inside' the daily bar to help confirm, using intraday bars - not shown), it appears that price was absorbing any supply present around that line, both as further accumulation, and to clear the way for a push higher in the future (either for window dressing on Thursday, or more likely Friday, once the EoFY is done and dusted).







Good Trading and Investing

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