XJO 0.11% 6,658.0 s&p/asx 200

Thursday April 11

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    SPI200 Commentary

    Follow or Fade!

    SPI followed previous days ranges and went sideways, traversing the range twice during day and night. Mixed results from overseas again with not much help with direction. Interesting that the XSO is looking to break out which may be where the money is going, as banks keep getting sold down. If the banks do find support then look for a sharp rally. So looking for the ranges to stay in play again today, looking more for dips to buy

    Range for day: 6180 to 6220
    Direction : Sideways, Choppy
    Setups : Buy dips around 6180

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