Thinking Outside of the Box - Tuesday

Good Morning and Welcome to the XJO Tuesday Thread


News for Today (AEST)






The XJO closed higher on Monday, with a narrow spread & on low volume, leaving somewhat weak looking bar.
Upwards momentum continued, although spreads continue to narrow, which can sometimes suggest that a rise is becoming tired.

The Index pushed up and back into the old reverse trend channel, and the intraday price action supported an absorption scenario.
The low volume on Monday did not have enough 'force' to take it up through the congestion to the left, to the 5598 level above.

The intraday price action (potential absorption), high close and low volume suggests that the market was 'on hold' during most of Monday.

Spoiler : ***Paddo's Special***

Good Trading and Investing


cheers