SPI200 Commentary
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SPI had a volatile session Monday driven mainly by tweets between Trump and China. When there was a hint of a trade deal SPI rallied and it fell when there were denials. Its certainly hard to trade based off tweets so best to step back and wait for your levels or entries and execute robotically. Even though SPI had a big gap lower Monday the 6400 level on XJO seems to be well supported so overall it looks like XJO will trade between 6400 and 6600 for the next week or so. With the way FX traded in a risk on manner overnight it looks like XJO will play the 6500 games today, so looking for a choppy move to 6460 on the SPI today, so looking for dips to buy
Range for day: 6400 to 6460
Direction : Sideways
Setups : Buy dips around 6400
SPI200 CommentaryFollow or Fade!SPI had a volatile session...
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Last
7,629.0 |
Change
42.000(0.55%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,587.0 | 7,640.2 | 7,587.0 |
| XJO (ASX) Chart |