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Good Morning and Welcome to the XJO Tuesday Thread
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News for Today (AEDST)
The XJO accelerated down, breaking through the low of Fridays bar, and finally closed near its daily low on Monday.
Spread increased, volume while lower than average - was quite high for a Monday, and the close was poor.
Barring a (miraculous) reversal bar today (which is always possible...), price appears to have broken below the little congestion zone to the left, where the Index had found support previously. If this proves to be the case, a deeper pull back can be expected ( obviously...doh !! ). As can be seen by the Red dashed line, price is still holding the lower extremities of that old level...... but only just.
Good Trading and Investing
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The Day that Stops the Nation - Tuesday
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Last
7,861.2 |
Change
-102.500(1.29%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,963.7 | 7,963.7 | 7,861.2 |
| XJO (ASX) Chart |