xjo - weekend charting and chat

Here we go again....

Weekend Time

The XJO reversed back up on Friday & recovered most of the ground lost on Thursday.
It appears to be reacting off of the trend line drawn across the Oct 2013/Jan 2014 highs.
It wasn't the most impressive two bar reversal ever
(the real bullish ones have the second bar's close exceeding the first bars high),
however it is a reversal, although in a short term downtrend.
Now we wait to see if there is follow through demand, as it has been demand that appears to be lacking lately.

cheers