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Sunday, October 25, 2015

ASX XJO - Daily Setup for the Week 26/10/2015

The Australian Index ( ASX) XJO is in a very strong bullish pattern. Started with the trendline break at 5,126 and then moved in consolidation holding pattern. Fridays strong breakout bar has signal a buy on everyone's charts. Monday should see a strong day up to 5,500 area.

 After 5,500 comes we have 5,570, 5667,5775, and ultimately 6,010.

There is a lot of room to move upward over the coming week or weeks.