Support 4935, but ideally for any UP trend to continue price would complete the 44 point range down and then continue higher:- re-test the 3-day breakout (4935) and then continue higher....
4965 is the level of interest today, which should provide traders with the level of trading back down into the gap and 50% levels...
Above 4965 and shorting is open to Risk... 3-day breakout"
Morning Report
SPI 16:25 RecapSPI opens @ 4965 and takes off back towards the 5-day highs.
Once around those highs and after completing it's 44 point range, market slowed right down and consolidated for most of today.
- Daily Trading Set-ups & Analysis
- Index Futures SPI, DOW S&P, & Forex
- Subscribe to the Trader Premium
- http://www.datafeeds.com.au/premiumtrader.html
Posts
