A wet Saturday morning in Perth and my golf game got washed out but a good night of trading to end a wild and volatile week.
It good to see S&P db tested and held so I guess we expect a one or two up days and a consolidation before going higher or break into new low. Technical comes in plays last night and was expected as the sell off was needed and short term oversold. It no means will be up from here.
Monday open will be up but any strong open on SPI around 4360 and it a short trade for me. We've factored in the Dow moves and I am looking for drip down to low 4315's or even 4300. I believe if Dow behave then there is a good chance the boys are going to ramp SPI up for end of option expiry on Thursday.
Watching the news for trading still for me. Good luck.
A wet Saturday morning in Perth and my golf game got washed out...
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