Monday April 8 - Make my day, page-3

SPI200 Commentary

Follow or Fade!

SPI was weak Friday but recovered during the night session. SPI was weak Thursday and Friday while the rest of the world continued higher. Some of this was reversed around Non Farms so it will be interesting to see if SPI plays catch up or was the lead lower. We should get an answer by the way banks trade today, SPI will need them to find support for it to catch up. Otherwise XJO will probably chop around the 6200 level today.

Range for day: 6180 to 6230
Direction : Sideways, Choppy
Setups : Buy dips around 6180