SPI Trading 25th February 2008 part 4

SPI 14:50

SPI has moved back down into the 5-day 50% levels for Monday and have found support, with 14:36 buying coming into the market.

5580-88 is still seen as resistance, if it can get above that looking for a move back towards the highs again...

Entry 5565 partial exit 5580 +15

Holding with target 5602

Stop 5561.....

If market comes back down after 14:36 taking out 5562 then it's going to be a flat close (no more trades)

next report tomorrow.....

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exit 5590 15:55 + 25