XJO 0.74% 8,285.2 s&p/asx 200

SPI200 Commentary Follow or Fade! Busy again this morning so...

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    SPI200 Commentary

    Follow or Fade!

    Busy again this morning so here's my thoughts for the rest of the day

    XJO had a decent rally up to the 5175 level this morning but it looks like it has rejected that level. While I do think this rally off the lows has topped out, I don't expect the market to suddenly go back into sell off mode. I think we will see some large ranges develop over the next few weeks. I think the most probable range is between the 5000 & 5200 levels for the XJO. For the rest of today I will be looking for rallies to sell. I'll be happy to short SPI anywhere above 5130.

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