SPI200 Commentary
Follow or Fade!
SPI had a strong day Wednesday as it looks like the consolidation around XJO 5900 is complete and it is starting to break out. SPI started out strong and made new contract highs by lunch, it then retracted into the close. Sycom session saw new highs printed then retraced into the close. It looks like the breakout is on for the XJO and it will probably commodities that lead the way. Lots of the base metals rallied overnight despite the strength in the DXY. NAB reported this morning and it should be bought, so it should be another buy dips day on the SPI. For todays trading I am looking to buy dips around 5925 and sell rallies around 5965
SPI200 Commentary Follow or Fade! SPI had a strong day Wednesday...
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8,295.1 |
Change
68.800(0.84%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,226.3 | 8,319.4 | 8,226.3 |
| XJO (ASX) Chart |