Rat Wednesday

Good Morning and Welcome to the XJO Wednesday Thread

The XJO closed moderately lower on Tuesday, where it proved reluctant to confirm the breakdown.
The Index sliced sharply lower after the open, probably in sympathy with overseas markets.
Price then slowly recovered lost ground for most of the session, leaving a bar which suggests speculative buying.  
Price can only really go up down or sideways, and the downside appears to hold the upper hand, although there are some 'ifs and buts'.
Subsequent trading should fairly quickly show what will happen next, and how it will be achieved.






Good Trading and Investing