SPI200 ready to wash highs and head lower

Potential Sell Alert

 

SPI200 Index

The SPI200 looks to be setting up for another washout of resistance then a push lower. We see the opportunity for a sell into support around 5640 just above major support at 5627. Watching the action closely now for a potential sell through 5661. We will see what the open brings us.

 

Index – SPI200 Index

Current Price : 5661

Status : On watch for sell entry setup