SPI finished only 3 pts below cash and CMC was actually 9 pts above.
This is a very bad sign.
Because futures traders are hopeless at predicting the market, it suggests that there is either no bounce here or if there is it will be all over in a day or three.
You would think they would look at their own record but alas no.
friday night trading, page-2
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Last
7,953.2 |
Change
-36.400(0.46%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,989.6 | 7,989.6 | 7,894.3 |
| XJO (ASX) Chart |