World Lindy Hop Thursday

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Good Morning and Welcome to the XJO Thursday Thread

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News for Today (AEST)




The XJO accelerated higher on Wednesday.
Spread increased substantially, and volume was a little higher than the average.
The close was off the daily highs and was right at the resistance lines, however @5372.5, the close was above the highs of the previous four bars, which is normally pretty bullish.   We can generally see now that the narrow spread, low volume downbar on Tuesday, was probably a false break of support, which luckily we didn't fall for. But in response to that bar we now have a widespread upbar, closing off the highs at resistance, on above average volume....and the question is now....."is that bar full of supply" -  (Gee they aren't making things very easy to read at the minute.... if it isn't one thing.....it is another......haha). Anyway, the answer to the next question should come soon, today or tomorrow I reckon, as this story continues to unfold day by day.










Good Trading and Investing

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