Yesterdays plan was to sell spikes up to the R3 6306 level and fade back to Mondays close and worked a treat. Pumped up in the morning and dropped like a stone.
ASX has recovered the end of month selling and looks positive. Some better news on the trade front this morning. Currently ticking 6293.
I think today I will look for a spike down to yesterdays closing gap / low at 6280 6275 for a long. I expect some buying for the first of the month. Unfilled gaps below will attract the price so will be looking for continuation down to there for a buy if gap close does not look like it will pull it up.
So will need to base risk on a move to 6250 and look for 20 points. Most likely will need to manage this trade for a couple hours.
If it does rally in the first hour selling 6330 for 10 points will be a good trade.
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