The XJO closed a little lower on Friday. Spread (or range) was...

The XJO closed a little lower on Friday.
Spread (or range) was narrow, volume (value traded) was low, and the close was roughly in the middle.

Price spent almost all day in negative territory, spread was quite narrow, and the volume reduced again, to the lowest for the week.
So there was very little selling pressure after Thursdays gains.  Which should allow the Index to make an attempt at further gains next week.  Personally I do not like this latest little pivot higher much.  I don't trust it at all, because there is almost no obvious buying at the lows whatsoever, and the Index appears to have only turned on a lack of selling pressure. Which may leave it vulnerable when any selling pressure does come in again...... as it will at some time  ......



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