xjo - weekend charting and chat

G'day all,

Running the Weekend charting and chat in parallel with the Zoomba again.

cheers


The XJO continued on its merry way again on Friday.
This time slicing up through late January high, and also the down trending line drawn across the October/January highs.
Next line above is the breakdown line from late October/early November.

No follow through supply arrived after Thursdays questionable bar,
so for now Thursdays bar can be considered as an absorption bar.
Fridays spread was about average, the bar closed high on slightly below average volume (value traded).
With an average spread, on lowish volume, any thoughts of a lack of demand can be discounted, and replaced with a lack of selling pressure.