SPI Trading 27th March 2008 part 2

SPI 10:00

Lower open on the SPI (lower Spiral point) and price is moving upwards.

We can see SPI is trading above the 5-day breakout from Monday, but under the Risk level @ 5417.

I was looking for a 22 point rejection under 5417 to 'short' trade, which the market has completed, but it's not hitting resistance or an R44 high...

On sidelines at this stage....