SPI200 Commentary
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SPI consolidated around recent highs during yesterdays day session and tested some weak longs but then recovered overnight and found some resistance around 5280. Today the world is watching the election in the USA and what I am hoping for is a clean result by the end of the day. As I mentioned yesterday even though the betting markets and the stock markets have already priced in a Hillary win, just remember that it was the same during Brexit, and we all know how that played out. So while I am still in buy dips mode as the SPI should keep grinding higher and will pop on a result, I am still cautious that it could all be reversed on a Trump win. For todays trading I will be looking to sell rallies around 5300 and buy dips around 5230
Chaos Never Dies.....Wednesday, page-7
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Last
8,295.1 |
Change
68.800(0.84%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,226.3 | 8,319.4 | 8,226.3 |
| XJO (ASX) Chart |