XJO 0.70% 7,682.4 s&p/asx 200

SPI200 CommentaryFollow or Fade!SPI had a strong day after some...

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    SPI200 Commentary

    Follow or Fade!

    SPI had a strong day after some early weakness. News out of HK helped propel all equity markets higher and the XJO looks like it is heading back to 6600. There was some rhetoric also from BOJ and ECB about more stimulus which will also help the risk on traders buy. As usual it will still be a choppy ride higher so look for dips to buy after some early morning weakness

    Range for day: 6540 to 6580
    Direction : Choppy Uptrend
    Setups : Buy dips around 6540

    https://hotcopper.com.au/data/attachments/1715/1715335-b56b752c5ec512f2b337861b114b2162.jpg
 
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