Weekend Charting and Chat - 18 July 2014

After Thursdays bar looked quite ominous for the XJO, at least in the short term,
Fridays bar has formed a mirror image of it.

The potential weakness seen in Thursdays bar has not been confirmed with a follow on downbar,
and Fridays bar has now shown some potential strength, which also now awaits confirmation.

I drew the chart a bit differently from the usual static lines, and put in two converging lines, which appear to tell a story.
Drawn like this it appears the Index is trying hard to breakout from the shallow forming apex.




cheers