A nice little risk reward trade on the SPI Futures here (or Index CFD)s on the Long side at 6310-13 exists. (Stop below today's low).
The stength in Japan (now well off lows and actually up) will lift sentiment. The XJO hit the lower end of recent trading band and is bouncing. The SPI often jumps in the last hour and into the close and further into the night session.
Overnight Dow and Footsie Futures are steady
All suggests we panicked a bit.
SPI Futures Dily Chart now back within long term uptrend line.
A nice little risk reward trade on the SPI Futures here (or...
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Last
7,767.5 |
Change
7.900(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,759.6 | 7,819.0 | 7,754.9 |
| XJO (ASX) Chart |