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Good Morning and Welcome to the XJO Friday Thread
News for Today (AEDST)
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The XJO moved sharply higher on Thursday
Early in the session, the Index sliced up strongly, through the previous breakdown line @ 5207.7, reaching a day high of 5265.
Then later in the session, price returned to the breakdown line, and was testing it at close of trade.
A successful test should see price accelerate away from the danger point & continue to move higher, where the next higher zone of potential resistance is likely to be between 5292.9 - 5308.2.
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Good Trading and Investing
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