SPI Trading 16th January 2008

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"The overnight moves are going to be dictated by US markets, and if price opens below 5920, then we could be heading down into those Quarterly targets in the Weekly report quicker than expected... (15th January)"


US markets are moving down into the Weekly low Targets and it's dragging the SPI lower, and price is opening below 5920 today....

Risk 5847 5-day lows (support) look for upside gap closure @ 5909-29

Gap trading favours upside, but only as long as price remains above the 5-day lows....

High Risk trading longs below 5847..