SPI200 Commentary
Follow or Fade!
SPI continued to be range bound as it tested both ends of the ranges during the session. Its presidents day in the US so there won't be much lead from them so expecting more range bound conditions today. We in the last week of reporting so with WBC due tomorrow we could see more highs from the banks, which could drive the XJO higher. Also we have a lot of dividends due over the next few weeks so the div chasers could keep the XJO bid. So that means I am more comfortable waiting for dips. For todays trading I am looking to buy dips around 5740 and sell rallies around 5780
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |