SPI200 Commentary
Follow or Fade!
SPI rally continues as the dovish FED sent equities higher, this was on the back of the ECB and RBA doing the same earlier this week. June SPI comes off the board today, so remember to trade the U contract. We will probably see a squeeze right into the expiry then a sell off once June expires. Not expecting this sell off to be a major one, just a trading opportunity as it looks like this uptrend has more in it. So keep looking for dips to buy as it looks like this rally will continue into the end of the week
Range for day: 6560 to 6610
Direction : Uptrend
Setups : Sell rally after June expires. Buy dips around 6560
Thursday June 20, page-5
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Last
7,680.6 |
Change
31.000(0.41%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,649.6 | 7,713.7 | 7,628.1 |
| XJO (ASX) Chart |