SPI200 Commentary
Follow or Fade!
SPI continues to make new highs and dips are still shallow. CPI came in line yesterday but some analysts are still expecting a rate cut later this year. There was some volatility from the central banks yesterday namely the BOJ and FED but that was shown more in the FX markets. Its stock options expiry this afternoon so keep an eye for some pinning. I think today will see more of the same, low volatility and more consolidation around these highs. I'll be looking to buy the SPI around 5480 and sell around 5530
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