speed up the economy - monday

News for Today (AEDST)

The XJO continued higher on Friday.
Spread was average, as was volume (value traded),
however it closed a little off the day highs, so at least some supply was present.

Although we have had some bars that have looked potentially/suspiciously weak recently,
there has been no serious supply to the downside, even when the overseas markets have offered an opportunity for the bears.

Supply from the left is potentially being bought (absorbed) as it arrives & the Index continue to grind higher.

Friday's high came within five points of the Oct 13 high, however it closed a little off that level, however it won't take much more effort to exceed the Oct 13 high now.

Good Trading and Investing


cheers