Aviation Friday, page-6

SPI200 Commentary

Follow or Fade

A bit late this morning as I had to get some trades on, info might be a bit late now though

XJO expiry came as expected yesterday and as predicted here as soon as the opening print was decided it fell away. Tonight we have index expiry on the SNP and there is a lot of open interest around the 2175 level so I think that index will also be held up then fall away next week. So with the SPI having a bit of a recovery last night we can easily get short around the 5500 level knowing that we have some heavy resistance above to manage risk. So for todays trading I will be looking to sell rallies around 5500 and buy dips around 5465