SPI200 Commentary
Follow or Fade!
SPI continues to grind higher, squeezing the majority of retail traders who are mostly short. Its XJO monthly expiry this morning so looking for a pop this morning to squeeze more and will be interesting to see how it trades after this event. Some banks like ANZ and BEN breaking out which are helping this move, so as usual watch their price action for a lead on SPI
Range for day: 5770 to 5820
Direction : Uptrend, choppy. Watch for a pop for expiry
Setups : Stop run, dip around 5770 to buy. Short after OPIC if there is a spike to fade
Thursday 17th Jan - You never know what coming day, page-9
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Last
7,931.9 |
Change
70.700(0.90%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,861.2 | 7,938.3 | 7,861.2 |
| XJO (ASX) Chart |