I think a nice price for a move down to CMC 5950 would be a high around 6110 6120.
That would probably happen in the night session.
CMC about 11 pts above SPI.
Admittedly the gap from yestreday is tempting.
There are 3 scenarios here IMO.
The first is probably a US dip early tonight but then it all turns bullish. Maybe.
The most expected is a retest of the lows and off the races again.
What I expect is a retest of the lows when all will pronounce fait accompli, maybe a 1 or 2 day bounce and then crash.
Still, what I expect and the end result needs to be covered.
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Last
8,668.2 |
Change
-89.000(1.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,757.1 | 8,757.1 | 8,648.4 |
| XJO (ASX) Chart |