Two day blocks of Individual Equity Expiry volume and turnover, showing the actual expiry day first, and then the following day, which usually carries the increase.
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The XJO closed lower on Friday, where spread increased, and volume was affected by expiry day (it wasn't particularly high expiry volume, although turnover was quite reasonable when compared to previous Individual Equity expiry days....see chart above).
So the volume and turnover numbers may have been clouded because of expiry day, which can be a convenient place to hide some supply (if anyone was so inclined)....leaving the response on Monday and Tuesday to be interesting for overall context.
Anyway, the Index never really looked like moving higher on Friday, and hovered around the previous close for much of the session, before coming off late in the day. Price eventually closed below Thursday's narrow spread bar's low, and gives the impression it might like to come back and test the strength of the recent breakout.....which would be a logical thing to do, as it was a reasonably important event technically, and should be tested if possible.
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- Weekend Charting and Chat - 31st March 2017
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