Review & Plan - Wednesday


Very slow, low volume day making another new marginal high showing no sign off excess yet. Cash index still hasn't made new highs yet.

Bulls remain in control for now, though a liquidation break would be easily triggered on a news event.

The key areas of support are shown below. The 99/00 area if broken would be more likely to trigger a cascade.


Overnight is quiet ranging between 06.50-14.75. Bulls still have the upped hand and therefore will be looking for longs until key support is broken, when shorts will be preferred into the lower zones, which could still see responsive buying.