Tick Tock Friday

------------------------------------------------------------------------------------------------------------------------------------------------------
Good Morning and Welcome to the XJO Friday Thread
-------------------------------------------------------------------------------------------------------------------------------------------------------

The XJO closed higher on Thursday, in what is looking more like some more bullish absorption action.
Very low volumes continue (as expected), which make some price movements appear to show a lack of conviction.
There was no serious downside follow through in response to Wednesday's 'questionable' price action, so any weakness inferred there can be discounted for now.  Price eventually closed a little above last Tuesday's high @6080.6 , which for me has price inching out of the consolidation zone, and towards having a positive influence.  However, it was not a convincing move on Thursday, and has not closed 'clearly' above that level.  So now we look for upside follow through to confirm.




Good Trading and Investing