the equal sharing of misery - thursday

Good Morning and Welcome to the XJO Thursday Thread

News for Today (AEDST)

The XJO yesterday moved a little lower, with the narrowest spread (22.3 points) since the 7th November (18.1 points).
It closed low on the bar, with an increase in volume (value traded), which was just above the average.
The narrow spread with an increase in volume infers support is still present, although that is still unconfirmed as yet.
This leaves us with the last four closes within a 14 point range.
A tight cluster of closes after last Thursdays potentially strong bar, suggest absorption (of supply from the left) may be taking place.

Good Trading and Investing


cheers