SPI200 Commentary
Follow or Fade!
SPI corrected yesterday despite RBA cutting rates. It looks as though the limits of central bank policy are being reached as the BOJ came out with details of more stimulus but the Yen strengthened and their markets dipped. A lot of traders will be looking for this correction to test the recent break out level at 5430 so look for that as the first target on this move lower. As usual keep an eye on the banks as they will be leading the way lower. For todays trading I will be looking to sell rallies around 5470 and buying dips around 5415
SPI200 Commentary Follow or Fade! SPI corrected yesterday...
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Last
7,959.3 |
Change
69.700(0.88%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,889.6 | 7,969.1 | 7,889.0 |
| XJO (ASX) Chart |