SPI200 Commentary
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SPI was strong during the day as RBA comments drew out the buyers. SPI stopped at 6500 near the close and kept drifting lower overnight and closed in the bottom half of the days range
Looks like its going to be a choppy day today as the market will wait for FED minutes and jackson hole to determine where it wants to go next. It does feel like a low is in place at 6400 on the XJO so while we stay above that, it does feel like this down trend is in pause mode. Was looking for the XJO to head towards 6600 yesterday but looks like it will range around the 6500 level today. So will play ranges and take profits quickly as its low chance of a big move up or down today
Range for day: 6440 to 6480
Direction : Sideways
Setups : Buy dips around 6440 and sell rallies around 6480
SPI200 CommentaryFollow or Fade!SPI was strong during the day as...
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Last
7,682.4 |
Change
53.400(0.70%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,629.0 | 7,684.1 | 7,629.0 |
| XJO (ASX) Chart |