XJO 0.41% 7,680.6 s&p/asx 200

Monday 9 Oct, page-85

  1. 8,096 Posts.
    lightbulb Created with Sketch. 942
    It so far is respecting the upper bound of the red channel in my previous posts (kind of line in the sand for bears).

    I guess you refer to IG spike to 3345, when SPI was closed. That's one of the negatives of IG. Market maker uses that period to hit stop losses (sometimes on both sides) with aggressive up/down moves. That spike does not exist on the real SPI.

    While that may not be for everyone, but betting against those aggressive imaginary gap up/downs is quite lucrative. Usually guaranteed to reverse.
    Last edited by ProfessorBen: 09/11/20
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.