SPI Trading 10th March 2008 part 4

SPI 11.00

SPI has moved upwards into the 'gap', whilst it's trading above the Spiral point @ 5211 @ 11am, the expectation price is moving higher.

There is going to be selling resistance around the lows of Friday... but I view today with an UP bias, because of the bounce off the Weekly lows, and the 5-day lows....

A re-test of the Spiral point @ 5211 is viewed as 'risk' support....