Wednesday, 30 January 2013

10 For 10 On The XJO

The XJO managed its tenth consecutive day of gains today. The daily picture has not really changed much from yesterday - virtually the same themes are present: the upper bollinger band is currently being tested, which should lead to a pullback sooner or later; the short-term resistance is also close to being tested; and the MACD divergence is increasing bullishly.

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