SPI Trading 17th Dec 2007 part 2

10:13

SPI Pushing down early on Monday, into some critcal levels (6394)

Short-term trade looking for the first R22 completion in the day.

Short:- Entry 6429 exit 6415.

Trend is down, as part of the report, and could go much further down, but I'm looking for a counter-trend UP move this week.

Today's trade was just a quick trade on the short side and exit because I don't normally go short in market or lower daily opens unless it's system matched.


I'll watch market for the next hour or so, if it keeps going down i'll go xmas shopping.

Note: R44 completion @ 6392 closely matches 6394: - critical support level