SPI200 Commentary
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SPI broke out early Tuesday and consolidated at the highs during the night. Even as the Dow was down nearly 300 at one stage the SPI barely dipped. So it seems whoever is buying the XJO continued for another day and unless we see some support levels being broken it should continue again today. XJO is above 6000 now so there is a chance that it will bring out the profit takers but if it consolidates above the level then we could see 6100 come into play. For todays trading I am looking to buy dips around 5970 and sell rallies around 6020
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |