We closed our ALSI trade yesterday with a tidy profit of 170 points per contract. 1 point equals R10.
The ALSI opened up 100 points from yesterdays' close, but have turned around and are only up 10 points at the opening of the equity market.
The market is looking a bit tired and volatility remains low. So it is still trending downwards slowly. If volatility picks up, bigger movements is expected.
Unemployment claims from the US is out later this afternoon, and could have a pivotal effect on market direction.
Safe trading
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