Just to re-emphasise my action plan today, here are my trading thoughts for the SPI:
My SPI range today: 4305 to 4335. Outlier levels 4298, 4290 and 4340.
My Core SPI day trading ideas today:
i)SHORT fade 4315 early with tight stops. This is right into yesterdays highs and decent overhead resistance. If we fail to sell from here then we know that a breakout back up to 4335 is on the cards so flip to long.
ii)BUY a breakout above 4315. Look for a strong 5min candle above this zone. Target 4330s.
iii)BUY a retest of 4300/4298. Any early weakness into this support zone should be bought with tight stops.
SPI 5mins:
SPI 15mins: