SPI200 Commentary
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SPI had a strong day Wednesday with most of the gains done overnight. SPI was quiet during the day session stuck in a 20 point range but thanks to the US markets heading to new highs again SPI made new contract highs. This should see the XJO trade above the 6100 level today and how it reacts to these new highs will give us an indication of how strong this bull run is. We should see some profit taking around that level but either way it should be another higher high. As usual commodities and banks are moving in opposite directions so keep an eye on the sectors as you will need all to be moving higher for the XJO to break out. For todays trading I am looking to buy dips around 6040 and sell rallies around 6070
Thursday 4th Jan - Hindenburg Omen Day, page-14
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Last
7,829.7 |
Change
66.500(0.86%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,763.2 | 7,832.3 | 7,763.2 |
| XJO (ASX) Chart |