SPI Trading 12th March 2008 part 4

SPI 11:06

SPI Exit 5338 + 27

SPI is coming into an R44 low, which matches the 3-day break, and is also trading above an important Quarterly level....

If there is going to be a reversal up into the 5-day highs, then this is the level....

Otherwise trading below 5334 and the lower gap could fill (5-day 50%)