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Good Morning and Welcome to the XJO Monday Thread

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News for Today (AEST)




The XJO closed marginally higher (again) on Friday
Spread was increased slightly, and the high volume was affected by the carry over from Thursday's Individual Equity Expiry.
Price dipped lower for most of the day, offering the upper hand to the sellers, before recovering the lost ground late in the day.
The majority of trading & the close, were once again within the range of Wednesday's 'questionable' bar.
And while the Index continues to look a bit vulnerable, it will until there is an acceleration away from the danger point, although the way it is going, it may just grind and absorb its way up to the next potential resistance @5606.7
Anyway that said, the absorption scenario still remains intact, with price showing a pressing nature towards the upside, and the close above Monday's high.  Although, if price cannot find the strength to accelerate away, another possibility is a pull back and test of the potential support in the previous resistance below, effectively moving the price action into a sideways range for a period.








Good Trading and Investing

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Spoiler : ***Warning - Saucy Cartoon***