The XJO pushed higher again today, closing up 14.4 points or just 0.3%. As such the XJO is now at an important juncture. It has entered a resistance zone between 4895 and 5025 set by previous significant highs. The index has not seen these levels since April 2010. Also of note is today’s small gap up and weak close – near the low of the day after rallying in the morning. A divergence indicator heavily overbought adds to the scenario. Some positive movement from the broader market over the last six sessions for sure. The banks has their turn in the sun again today, the Commonwealth Bank releasing solid profit results, following on from the National Bank yesterday. Apart from Financials, the rest of the market was very subdued. An interesting couple of days ahead to close out the week.