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Good Morning and Welcome to the XJO Monday Thread
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News for Today (AEDST)
The XJO closed lower on Thursday
Spread narrowed, volume reduced (with the shortened trading hours), and the close was at the day lows.
For nine consecutive days price was higher, so at least a downbar, or even a pull back of some sort, was becoming quite likely.
Price has failed at this level many times previously, so a re-trace of some sort, and some testing of supply around the 5250-5300 level is probably inevitable. From this, we'll also see how strong, or weak, the Index really is at this level, especially as volumes return to closer to normal.
Good Trading and Investing
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The Good Old Days - Monday
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Last
7,963.7 |
Change
-7.400(0.09%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,971.1 | 7,973.8 | 7,944.3 |
| XJO (ASX) Chart |