Yesterdays plan was to sell spikes up to the R3 6306 level and...

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.