SPI200 Commentary
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SPI tested the recent lows again on Monday and bounced during Sycom. Equity markets around the world all seemed to rally last night so it looks like that short term low is in place for the SPI. Its now a question of how high this rally will go and if it can continue past recent resistance. Obvious upside targets are around the XJO 6000 level, so need to see how the SPI reacts around the equivalent level on the way higher. So looks likely that dip buying is the preferred mode for the day, as usual best to wait for some silly dip that kills some weak longs for an entry. For todays trading I am looking to buy dips around 5910 and sell rallies around 5960
Cheese Doodle Monday, page-17
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Last
8,193.4 |
Change
-62.200(0.75%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,255.6 | 8,255.6 | 8,139.1 |
| XJO (ASX) Chart |