XJO - Weekend Charting and Chat - 25 July 2014

The XJO closed marginally lower on Friday,
spread was again narrow, with a high close.
Volume (value traded) was high, but affected by equity expiry, which always muddies the waters a little.

The Index spent most of the day in negative territory, offering the sellers an opportunity to gain the upper hand.
especially after Thursdays questionable bar may have inferred that supply was present.
However, this opportunity was not taken by the bears, and the index closed less than 5 points lower.



cheers