SPI200 Commentary
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SPI went sideways Friday as it seems to be consolidating after that big fall. After such a large move its only natural for some retracement, so rather than look to short around the lows, better wait for rallies to sell into. The momentum is to the downside and with volatility pushing higher during what is normally one of the worst periods of the year, I think XJO is heading to 6000 at a minimum and probably even lower. As usual banks will lead the market lower so watch their price action. For todays trading I am looking to buy dips around 6080 and sell rallies around 6120
ASX Morning call 10th September, page-2
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Last
7,777.7 |
Change
95.700(1.25%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,682.0 | 7,795.1 | 7,682.0 |
| XJO (ASX) Chart |