SPI Trading 28th February 2008 part 4

13:15

SPI has rotated back into the 5-day 5% levels and has found support but with a lack of buyers....

Even around a robust level as 5539-44 we can't get a 22 point rise upwards, which favours more weakness towards 5605 and into 14:36.

5606 is the previous 5-day range:- any support should be verified along with 14:36...

Entry longs 5642 & 44 partial exit 5650 +8 stopped 5637.. -7....

Note:- today could easily be a down-trending day without any robust 44 point reversals today, as part of the rotation towards the 3-day lows.