SPI is now above 3027 resistance. Is this the start of run up to 3081 or is this options expiry related buying ? Most of the blue chip stocks chart that I look at are all very toppy . I would normally short these stocks at this level, NCP, AMP, BHP, RIO. I think we could see banks making a run and the others which have a decent rally for the last weeks will pause for a while. But don't forget options expiry tomorrow and today trading could be manipulated.
Where are you all ?
SPI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held