SPI Trading 30th January 2008

SPI opening around the Weekly 50% level @ 5766, and it's going to move either way.

A 2nd stalling day (2-day reversal at the start of the week) and expectation that price will push down a minimum 44 points....

This is also from a higher spiral point open and an R87 top on open, which favours a rotation down.

Wednesday:- Random length it could move down towards the pivot lows @ 5663.


Risk:- Don't fight the trend if trading above the 3-day high break of 5771, as it's moving with the weekly trend and 3-day BUY cycle..