XLD 0.09% 1,592.0 s&p/asx 200 2 x daily leverage index

Yeah, there was definitely reduced demand in most of the sectors...

  1. 16,642 Posts.
    lightbulb Created with Sketch. 1291
    Yeah, there was definitely reduced demand in most of the sectors on Friday.....dunno exactly why (I actually expected volumes to be high'ish, as the exchange often holds over some volume from expiry (on Thursday) and adds it to Fridays volume)
    (OK maybe they don't actually 'hold it over' (or maybe they do....), but perhaps it is some sort of reporting issue, or something)
    So anyway, I'm not sure how reflective Friday's volume is of the overall market, or not......
    I guess if we go up again on Monday, then it means nothing..........and if we go down, it may be more important.....

    Two inside bars can often mean price will accelerate away strongly (a buildup of pressure...), once direction is established.

    cheers
    Last edited by Jako8557: 21/05/16
 
watchlist Created with Sketch. Add XLD (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.