Already SPI traders have a bullish set-up on Monday’s open, but where Monday opens defines the ‘risk’ trade, because a higher open leaves the BUY trade open to risk, because price can actually rotate back down and into the R44 gap after completing the 87 point range from Friday @ 6568.
So hopefully it opens closer to 6525 and provides traders with better ‘risk’ levels for a trade upwards. Traders want to trade up into that level at 6568 and then hold with hopefully the market continuing upwards. (premium report 17th November)
9:54am
SPI has opened too high this morning and already completed the move to 6568. Trading longs around these highs this morning are open to RISK
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