XJO @ 6000 seems to be a key level being resistance in late November and Early December, then for the following few weeks the support level. Today was a strong day with close near the upper range, so it is optimistic for more gains in the coming week. Providing US markets finish positive in the next sessions, even if it is modest, I would expect the XJO to consolidate in the 6000 and 6050 range before the end of the week. At that stage the recent correction could be considered in the past.
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- XJO Weekend Charting and Chat - 23rd Feb 2018
XJO Weekend Charting and Chat - 23rd Feb 2018, page-4
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