I think other factors that are in play is what happens during pre and after ASX official trading times. As you know the ASX200 Cash CFD trading is open 24 hours so you can sometimes get an edge before the market opens and before the SPI resets by following the trend in other markets such as Wall Street CFD. IMO it is almost impossible to have tight stop losses with this sort of trading behaviour because as you say it is pretty easy to flip it the wrong way for 50 to 100 points only to reset close to the previous days close.
Well we are at the half way point of March now so hopefully we will only have a few more weeks of weakness before the trend moves upwards again. This consolidation trading between 5740 - 5860 is rather healthy IMO.... I would only start to be concerned if we start to close under 5700.
