Monday April 1st - Opening gap day, page-2

SPI200 Commentary

Follow or Fade!

SPI was choppy Friday as it consolidated the recent bounce from Wednesday. Some are calling this a window dressing rally as it was end of quarter, and the timing is a bit suspicious. Either way the XJO is now back at 6200 and how it trades at this level will determine the next move. ES has gapped higher this morning along with the AUD, so we could see this move continue today. So expect a gap higher this morning, how it reacts once it closes will give direction for the day.

Range for day: 6170 to 6220
Direction : Range trading
Setups : Sell rallies around 6220