Bondi Beach Tuesday, page-6

SPI200 Commentary

Follow or Fade!

SPI had another weak day session and continued lower overnight. USA markets were closed overnight so not much lead from overseas but Europe was weaker. USD continues to keep falling while US bond yields look to rise, so looks like the USD is really starting to lose its reserve status. That still isn't being reflected in their stock market so that is 1 to keep an eye out. Look for the overnight lows to be test again during this day session where there should be a good buying opportunity. For todays trading I am looking to buy dips around 6010 and sell rallies around 6050