SPI Trading 20th March 2008 part 2



SPI 10:10

SPI rallied on open and moved into an R22 rejection pattern under 5254, sending the market down into the 5-day 50% level @ 5202..

Any further weakness down towards 5164.

Personally I didn't get filled to short trade down.... bummer hitting a high @ 5253

And went long @ 5202 and stopped @ 5195 -7


Price looks to be pushing lower as part of the 1-2 day reversal pattern after the change of the 3-day cycle.