We spoke about this SPI200 breakout and retest just over a month ago.
Now low and behold after bouncing, we’re back at the level again:
SPI200 Daily:
The Australian SPI200 index had formed a resistance level that we watched go from a double top to a triple top, before finally breaking out.
With the last retest breaking the level before bouncing, I’ll be treating this retest level as a zone rather than a hard line.
Just remember the Australian budget is released tonight which could have effects on tomorrow’s open.
Where do you see the SPI200 index heading?
