SPI Trading 29th January 2008 part 2

10:05

Expectation SPI is moving back down into 5771 and the 3-day breakout...

SPI opened above 5845 (Risk) but the expectation was that the R44 bar had to come down into 5845 to complete the Range from Friday, and also being pushed down from the 5-day highs (resistance 5875)...

Trade the break of the R11 trio @ 5854 and exit all @ 5810....

Even though 5808 is a spiral bottom and can find some buyers, I personally not looking for any buying support because of the expectation of a continued down move into 5771