SPI200 Commentary
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SPI was closed Wednesday due to Anzac day and was much stronger than most other markets around the world. SPI only had the night session Wednesday and started at the lows and closed at the highs which is quite bullish. Seems the rest of the world markets are looking weak while the SPI is defying gravity. This does happen often when the rest of the world looks weak, SPI tends to outperform for a little while before heading lower. So best to be patient with shorts and look for squeezes into areas where the weak are getting stopped out for entries. 3 of the big 4 are paying dividends next month so keep an eye on their price action for clues on the SPI, if they continue to attract div chasers then SPI will remain choppy. For todays trading I am looking to buy dips around 5870 and sell rallies around 5920
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SPI200 Commentary Follow or Fade! SPI was closed Wednesday due...
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