Good Morning and Welcome to the XJO Thursday Thread
The XJO closed lower on Wednesday.
Prior to the open, the Index appeared to be in position to continue higher, but instead pushed sharply lower, in response to the untimely release of some political news from the US. Price ended up trading inside the previous upbar, on reduced volume, and at the close of trade did not quite complete a reversal (although it was not very far away from doing so). This leaves the Index in a state of uncertainty, and now 'appears' poised to push lower (even though it was the upside that was favoured only one day ago, which only underlines the uncertainty at this point in time).
Good Trading and Investing
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