SPI200 Commentary
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SPI was range bound on Friday as it consolidated above the 5820 level for the day. The first round of French election results came out earlier this morning and it looks like the market has gone into Risk On mode as JPY, Gold and Bonds fell while EUR, Nikkei and SNP have rallied. So we should see a gap higher on the SPI this morning. I am a bit surprised at the size of the move based on the election so I expect a retracement before this move continues. I have a feeling that once the gap is made we will have a smallish range for the day as we have Anzac day holiday tomorrow so lots of people would've taken today off to get the extra long weekend. For todays trading I am looking to buy dips around 5870 and sell rallies around 5920
Pig in a Blanket Monday, page-5
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Last
7,971.1 |
Change
105.600(1.34%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,865.5 | 7,976.9 | 7,865.5 |
| XJO (ASX) Chart |