Tuesday 18th December - What rally ?, page-2

SPI200 Commentary

Follow or Fade!

SPI had another volatile day as it rallied hard during the day then fell harder at night closing roughly where it opened. SNP was the big move overnight as it fell through recent support and had its lowest close for the year. SPI seems to be holding on better than ES at the moment as our market isnt as expensive and has already taken a decent hit this year. So keep looking for rallies to sell in to but as shown by yesterdays move always be careful of those bear market rallies. Also look for the 5600 level to attract some two way action again. For todays trading I am looking to buy dips around 5570 and sell rallies around 5630