XJO 0.87% 8,283.2 s&p/asx 200

Scotch Whisky Wednesday, page-6

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    SPI200 Commentary

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    Trend higher continues, SPI finishes as highs from overnight session. Yesterday was another low volatility day but we have CPI figures out today so we should see some movement. We also have the FED overnight and then BOJ so stay alert. Dips in this rally have been really shallow and it seems bulls are waiting for dips and bears think this market is overextended, so with the majority of the market thinking this market will reverse could see it just keep grinding higher as it has been. For todays trading I will be looking to buy dips around 5470 and sell rallies around 5520

    20160727 SPI 1.PNG
 
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