ASX200 Morning call July 2nd, page-5

Pretty ordinary trade today just missing some better areas to buy and sell. Fell sharply at futures open from 6229 to Fridays low. Chopped around and closed the closing gap, put in a small rally and then faded away.

A couple things can happen into the close when there is a grind like this. It can test and break the lows or spike up and fade. I prefer to sell a spike when closing on the lows because the order flow into the auction sometimes is full of sell orders that are executed or hit with all the volume going through.

So I will try and sell a spike to 6210-6215 for 10 points.