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XJO 5,895.9

SPI200 Commentary Follow... 21/03/2017, 23502423

  1. pinozi

    595 posts.
    SPI200 Commentary

    Follow or Fade!

    SPI continued the range bound theme as it dropped sharply on open and was bought up. SFE changed the protocols on their trading system and that may have been the cause of the iliquid and erratic open. Market makers didn't quote on front month ATM options till about 1020 as a result. So once the short amount of chaos was fixed the SPI went sideways for the rest of the day. It looks as though the SPI will continue to be range bound, so just keep fading breakouts. For todays trading I am looking to buy dips around 5740 and sell rallies around 5775

    20170321 SPI 1.PNG

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