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Good Morning and Welcome to the XJO Tuesday Thread
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News for Today (AEST)



The XJO closed lower on Monday, where spread increased, and the volume while low, was about average for a Monday.
Price dipped lower from the open, testing below all the recent trading, before staging a comeback of sorts, to close about mid bar.
It appears that once again the opportunity was offered to the sellers, but the mid bar close and below average volume suggests they did not really want to accept the challenge.
There needs to be a watch on for any downside follow through in response no doubt, which if it occurred, may be of concern to those who are long.  However, also be aware that Mondays bar does look a lot like a shakeout.........




Good Trading and Investing