Use Less Stuff Thursday

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Good Morning and Welcome to the XJO Thursday Thread
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News for Today (AEDST)



The XJO pushed higher on Wednesday, where spread increased, and volume was above average.
After consolidating the recent gains over the past couple of weeks, the Index accelerated higher soon after the open on Wednesday, but appeared to draw out some supply late afternoon, which caused the close to be a little off the days high.  Sideways to up appears to hold the highest probability in the near term.   It would take a break and close clearly below Wednesday's low (and probably the line at ~5900 as well), to offer the first sign that the consolidation process may not be doing as well as expected.





Good Trading and Investing