SPI200 Commentary
Follow or Fade!
SPI gapped down lower which was the actual low then rallied from that point. Looks like people found value at this area which is the 5600 level on the XJO. This level has found support over the last 2 years which is why its a tough level to break. Overnight US markets were lacklustre despite bounces in the rest of the world. They are now on a mini thanksgiving holiday. So not expecting too much action from the SPI over the next 2 days, so looking to play ranges but with a slight buy bias. For todays trading I am looking to buy dips around 5640 and sell rallies around 5680
Thursday 22nd November 2018 - Lets give thanks!
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Last
8,118.8 |
Change
-41.200(0.50%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,160.0 | 8,160.0 | 8,063.2 |
| XJO (ASX) Chart |