XJO 0.99% 7,896.9 s&p/asx 200

SPI200 Commentary Follow or Fade! SPI had a weak day Friday as...

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    SPI200 Commentary

    Follow or Fade!

    SPI had a weak day Friday as it started at the highs and finished at the lows. SPI range was a small at 35 points for the day so a pretty indecisive day for the overall trend. Looks like SPI or the XJO wants to stay around this 5950 and range between 5900 and 6000 till we get our next catalyst. There were a few articles about the banks and money laundering circulating so that won't help bulls there. Commodities were a mixed bag apart from precious metals so not much help from that sector either. Its also thanksgiving week in the USA so another reason for markets to be quiet. So with that SPI should be a bit weaker today but I doubt there will be enough serious selling for the XJO to make some new lower lows. For todays trading I am looking to buy dips around 5930 and sell rallies around 5970

    20171120 SPI 1.PNG
 
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