This is Serious.... - Friday

Good Morning and Welcome to the XJO Friday Thread


News for Today (AEDST)




The XJO closed slightly higher on Thursday.

Spread was quite narrow and volume (value traded) was increased (to average),
which generally warns that supply may have entered the market.

So the radar is up to see if the potential supply has been absorbed, or whether there is any serious follow through to the downside.
As an example Thursdays bar maybe similar in nature to the bar on 21st Oct 2014, which at the time looked a bit dicey,
but turned out to be an absorption bar.
No telling if this will be the case again........ just have to wait and see what the market offers up........







Good Trading and Investing