The XJO closed lower on Friday, where spread was wide and volume increased over Thursday, and was above average.
The market sliced lower in response to an overseas free trade announcement..
At this point price appears to have broken down, although I am always wary of widespread high -volume bars as they may be climactic in nature, so subsequent trading may help to confirm.
Our market will usually move in sympathy with US markets when they are coming off, so the Friday trading session (tonight) will be important for our local trading on Monday.
XJO Weekend Charting and Chat - 23rd March 2018, page-2
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Last
7,943.2 |
Change
-171.500(2.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,114.7 | 8,114.7 | 7,920.0 |
| XJO (ASX) Chart |