SPI200 Commentary Follow or Fade! SPI had a strong day Monday as...

SPI200 Commentary

Follow or Fade!

SPI had a strong day Monday as it gapped higher at the open and ground its way higher all the way to the close. Sycom saw another gap higher then closed near the highs. The range bound conditions continue to hold on the XJO as the quick sell off down to the bottom end of the range last week found buyers. So it looks likely that the SPI is heading back to the top end of the range today and chances are that it fails at the highs again. So as usual keep trade hold times tight and play the ranges. For todays trading I am looking to buy dips around 5680 and sell rallies around 5720