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Good Morning and Welcome to the XJO Tuesday Thread
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News for Today (AEDST) - (lots today)
The XJO closed a little lower on Monday, where spread narrowed considerably, and volume was again below average.
The Index dipped lower to test for supply, in what appears to be part of the consolidation process.
There was not any serious supply drawn out, however Monday's are notoriously lower in volume than the other days of the week.
So while price could make a secondary test, or do the opposite and attempt to push higher today, the main thing to watch for on this timeframe (daily) in the near term. Are the extremes of last Thursday's bar @6052.1 high & 6016.3 low. Where a clean break and close below the low could see a change of the short term trend, and clear breakout above the high would see this uptrend continue further.
Good Trading and Investing
Spicy Guacamole Tuesday
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Last
7,829.7 |
Change
66.500(0.86%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,763.2 | 7,832.3 | 7,763.2 |
| XJO (ASX) Chart |