It was settlement day for Options Expiry today. That's usually a high volume, narrow range day.
Today didn't disappoint. It was the narrowest range since 12 June, eight trading days ago.
The short term trend channel remains up.
XJO has now hit the top of the medium term trend channel - that often acts as resistance.
The index is overbought, so we can expect some pull-back, or perhaps consolidation.
More later.
RB
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Last
8,701.2 |
Change
62.200(0.72%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,720.9 | 8,639.0 |
| XJO (ASX) Chart |