Tuesday 7th January 2020

Big ranges on the SPI intraday yesterday as it dropped down to the figure early in the morning and finished 100 points higher at the close this morning. There were some decent swings in between also. Looking for this high volatility to continue but overall direction is still mixed. So best way to take advantage is trade smaller time frames and keep stops tight. Will be looking for some early weakness today and a drop down to 6670 and a test of the 6720 area also later in the day. So hopefully there are some clear stop runs at these level that give us an entry where we can manage risk easily