Trade SPI 200 (ASX) (M6) Intraday: the bias remains bullish.
Pivot: 5350
Our preference: long positions above 5350 with targets @ 5415 & 5450 in extension.
Alternative scenario: below 5350 look for further downside with 5302 & 5270 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
5500
5450
5415
5396 Last
5350
5302
5270
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