SPI Trading 28th March 2008 part 6

15:30

SPI Range trading between support zones and resistance zones this week using the Weekly levels.

Today saw a down move into Support and then a rally back up into the Daily resistance levels around 5417:- Double r44 range top.

Expensive afternoon to have off trading, because it has been the greatest range movement all week, especially the 2nd higher Spiral point.

Note: higher US market on Friday (report later) could result in the Weekly timeframe closing above 5464 in sycom...

Full Weekly Report tomorrow.