SPI Trading 12th February part 3

10:17

Weekly 50% level and R87 spiral top, pushing the market down.....

I had two set-ups today....

Short the Weekly 50% level @ 5993 and trade down into an R44 low to close the Gap, and then trade longs from the gap closure, and hold into close...

Entry longs 5552 (Stopped 5547)

Because there was no Buying support around 5550, then I don't have a view for the rest of the day....

I'm going to sit out the rest of today and protect profits from this morning.

But the over all Trend remains bearish...... high risk trading longs below 5550