SPI200 Commentary
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SPI was wild Friday and will be wilder today as early indications are that SPI will open another 50 points lower this morning. This means SPI will trade around the 6450 level at the open. SPI has been lower in the last few weeks at 6304, so look for that level to be the first downside target today. If that level cannot hold then looks like the SPI is heading towards 6200 next. Now obviously this will not happen today but it is clear that there is a good amount of fear in the markets, so will be mainly looking for rallies to sell and even breakdowns to sell as the bears should be aggressive today
Range for day: 6290 to 6360
Direction : Downtrend
Setups : Sell rallies around 6360
SPI200 CommentaryFollow or Fade!SPI was wild Friday and will be...
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Last
7,682.4 |
Change
53.400(0.70%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,629.0 | 7,684.1 | 7,629.0 |
| XJO (ASX) Chart |