SPI200 Commentary
Follow or Fade!
SPI had a rangebound day Thursday as XJO consolidates just above 5800. SPI continues to be choppy and with a weak overnight performance despite the rally in the US expect this action to continue today. Lots of intraday ranges to play but overall going no where. This will change eventually but till we see banks and resources going the same way it will go sideways. So as usual wait for silly moves to fade. For todays trading I am looking to buy dips around 5790 and sell rallies around 5840
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