The Index closed lower on Friday (@5339.2), where spread and...

The Index closed lower on Friday (@5339.2), where spread and volume both reduced, but price closed clearly below the previous lows (@5361.7). Barring a reversal bar, the XJO appears to have broken down again, and if confirmed next week, will most likely push down to test around the 5270'ish level. On my 'messy chart' at home- not shown, which shows previous highs and lows, I have a broad range containing five potential supporting levels marked a little below the current price, roughly between 5250 and 5300. These levels have previously offered both support and resistance in the past, & may do so again when tested in the future.


cheers