SPI Trading 4th February part 4

11:04

SPI moved up into the 5-day highs and R44 spiral top at 5999....

Dropped trading down to 1 lot......

Short Entry 5988 (after R44 spiral and R11 reversal) Stopped 6001 (-13)

Short Re-entry 5999 (R11 Reversal) exit 5969 (+30)

Short Re-entry 5973 (R22 top and R11 Trio) ( place stop @ 5976)

Holding because of price trading below 5962......



Rest of the Day:- it can consolidate between 5938 and 5993 for the rest of the day and become choppy....

Or it could move back down into 5896 because of the failure of the 5-day highs and back below 5962..... (Gap closure)

Exit 5939 (Dilernia Pivot 5938) to be neutral on shorts and no more trade again today... (+34)