SPI200 commentary
Follow or Fade!
SPI had a big breakout Thursday as bad employment numbers got buyers thinking the RBA will definitely cut in June. Most of the gains were done overnight as equity markets around the world all went risk on. So highly doubt that this move will continue today as we have the election this weekend, so those good enough to be long will probably take profits around 6400. This means consolidation around the highs for the day so play the tight ranges
Range for day: 6360 to 6410
Direction : Consolidation
Setups : Buy dips at 60 Sell rallies around the figure
SPI200 commentaryFollow or Fade!SPI had a big breakout Thursday...
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Last
8,131.8 |
Change
-32.800(0.40%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,164.6 | 8,165.1 | 8,113.4 |
| XJO (ASX) Chart |