Star Trek Friday, page-6

SPI200 Commentary

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SPI continued its range trading ways Thursday with a rally from the open at 5685 up to 5710 then a fall into the close at 5675. Sycom saw SPI range around the 5690 level and a close at 5695. Last night the biggest movers were in the FX markets as EUR continued its rally after Draghis comments. DXY continued lower which helped commodities and AUD is above 80c again. Bond yields in the US continue lower which is signalling a flight to safety is on the cards, this could also be due to Hurricane Irma. Equities remained range bound in most markets around the world so that should mean more of the same from the XJO today. XSO continues its break out so that part of our markets is where the money is flowing. For todays trading I am looking to buy dips around 5660 and sell rallies around 5710