SPI Trading 29th January 2008 part 7

13:55

SPI moving under the Weekly 50% (Support)

I wouldn't go looking for longs today...

There were two levels that would have provide the technical points for a move upwards into the close today, and that was the Weekly 50% level @ 5766, and then the R44 spiral lows @ 5794....

Whilst below 5766 market exepctation is 'gap' closure @ 5580, and rotating back down into the towards the 3-day lows