SPI Trading 26th Feb 08 part 3 Recap



12:13 Recap

SPI consolidating after being pushed down from the resistance highs this morning and now moving into a sideways pattern around the Weekly 50% level @ 5658...

Expectation still remains that I would like the SPI to come down and test 5624 before moving higher into the close....

Note: 5629 is a double R44 down bar, which aligns with support and a spiral low....

Don't trade longs below 5624