You need a Website..... - Tuesday

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Good Morning and Welcome to the XJO Tuesday Thread

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News for Today (AEDST)




The XJO closed lower on Monday
After making a brief attempt to rally early in the session, the Index eventually turned and headed lower.
Spread increased, the close was low, and volume was still below average (holiday volume).
It should be noted that price was a little reluctant to breakdown on Monday, as it did break below last Wednesday's low (@5267.3) intraday, but recovered just enough to close back within the body of that bar @5270.5 by the close.   
That said, those three bars together give the impression the Index will pull back to some degree.
And at the highs of the trading range, where price had failed many times previously, it was always pretty likely price would come back and at least re-test the 5250-5300 levels for strength (or weakness). And immediately below that is a reasonable line @5163.5 which has offered support previously.

Spoiler : ***Warning - a Nightmare.....***

Good Trading and Investing

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haha....