Only an 8 point reaction from 6306 so got a few pips nearly had to trade the whole hour. There is an example where SPI traders get it wrong and tried to sell it down at the open. Cash had its own plan and spiked up so no follow through for the extreme gap at 6257.
Its building here above 6300 I really don't know what it will do now and is just random price action until the gaps below are filled. This could be a break away gap or an exhaustion gap. Good news is another extreme gap on Monday has a very high probability of filling and can enter pre-market so no need to wait for cash to confirm. Need at least 20 points above today's high whatever that might be.
It is possible that this could all start selling off now into Fridays close.
Only an 8 point reaction from 6306 so got a few pips nearly had...
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Last
7,988.1 |
Change
-25.300(0.32%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,013.4 | 8,013.4 | 7,918.9 |
| XJO (ASX) Chart |