the most subtly intricate game... - thursday

Good Morning and Welcome to the XJO Thursday Thread


News for Today (AEDST)

Quite a strong effort again by the XJO, considering the Health sector was sharply lower on Wednesday.
Again the XJO sliced up through resistance,
this time through the line drawn across the breakdown from late January & a down trending line drawn across the previous two highs.
The expected potential resistance at this level, was met by increased volume (effort), allowing it to punch through and close high.
After five days higher the daily spreads have not really narrowed as yet, which is surprising,
as is the steepness of the current rally, which is almost a cause for concern in itself.

Good Trading and Investing


cheers