SPI200 Commentary Follow or Fade! SPI had a weaker day as it...

SPI200 Commentary

Follow or Fade!

SPI had a weaker day as it started out strong and even made a new high but fell into the afternoon and closed near the lows overnight. I'm sure the bears will be wanting to call the top now, as we have finally have some sort of weakness from the very strong rally since the Italian referendum. I think we will have a couple of days of consolidation till the FED raises rates this week so while I am happy to sell strength for an intraday move, I dont think the overall uptrend is over. So I think we see more range trading today and I will be looking to buy dips around 5530 and sell rallies around 5565