XJO 2.00% 6,924.6 s&p/asx 200

ASX Morning call 30th October

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    Looks like tech was hit last night. ASX does not have a lot of tech exposure so see what happens. 

    Price is going to open extreme gap down below yesterdays low. It has bounced off S3 in the morning when wall street closed. Looks like it open right on Fridays closing gap so see if that closes in cash hours. Closing that gap means it will no longer need to come down here again. 

    I think if the first 10mins of trade spikes to fill yesterdays closing gap it will fade for 10-20 points. Selling 5711 should be good.

    Unfilled extreme gaps higher will continue to attract price and looking to see if 5600 holds and start trading some ranges. I am thinking 5620 to 5820 will be a good trading range and could do that for weeks before santa comes.

    Was able to make a nice channel with another fork as well which will help spot the range.



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