Take your Cat to the Vet - Monday

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Good Morning and Welcome to the XJO Monday Thread

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Almost no News for Today (AEST)




The XJO closed higher on Friday
Spread (or volatility) reduced, as did the volume - to below average, and the close was high on the bar.
The Index did not put in much effort, or try very hard on Friday, and just floated a bit higher on relatively low volumes.
This somewhat boring period, with tightly clustered narrow spreads on low'ish volumes continues to suggest absorption of supply, along with some uncertainty or indecision.  This type of price action would not normally be associated with an unwinding of positions in preparation for lower prices, which would generally see price flailing about, with wider spreads on increased volumes.
Apart from that, not much has changed really, the overhead resistance remains in place, as does the potential support below, and the sideways malaise continues for a bit longer.......








Good Trading and Investing

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Spoiler : ***Warning - Saucy Cartoon***