Good Morning and Welcome to the XJO Monday Thread
(not much worldwide) News for Today (AEDST)
The XJO accelerated higher on Friday, up and away from the danger point (the retest @5207.7).
Volume (value traded) was the highest I have on record (my personal database for turnover is 640 trading days),
this must have been partly due to the combined expiry day on Thursday, some of which regularly bleeds over to the next day.
What this means, if anything, won't be known until next week.
Volume and spread (for the most part) are very similar, so with a wide spread, plus combined options & Futures expiry might just add up, we'll see.
Anyway, spread was wide, the close was high, and volume (as already mentioned) was well above average, as the Index sliced its way through potential resistance, higher.
I won't be surprised if we see a re-test of the little zone, between 5292.9 - 5308.2 on Monday.
The next potential resistance higher, is where selling pressure previously came in across 5378
Good Trading and Investing
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Last
8,589.3 |
Change
-13.700(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,603.0 | 8,617.0 | 8,572.1 |
| XJO (ASX) Chart |