Monday May 13 - Paint it Black, page-5

SPI200 Commentary

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SPI had a decent day Friday as it held ground during the day then popped into the night. All of that goes out the window though as China has hit back with their demands in the Trade Wars and ES has gapped down about 20 points this morning. So SPI will also gap down and it will be hard to find a bid as CBA has come out with their report this morning. ANZ is also the first of the 3 banks that go ex this week so it will be tough for the big 4 to help the SPI this week. So with that, still looking mainly for rallies to sell and enjoying the volatility

Range for day: 6250 to 6300
Direction : Sideways, Volatile
Setups : Sell rallies around 6300