SPI Trading 24th April 2008 RECAP

"SPI has completed a Weekly pattern towards the highs yesterday @ 5699, and stalled reversing back down late yesterday

The trend guide for today is simply going to be Monday's 5-day high @ 5660.

Above 5660 and expected push into a higher Weekly close around the 5-day highs 5711+

Below 5660, and it's a random expectation, but probably end up closing on it's lows, therefore my only view is only 44 points down and back to 5-day 50% level"

The Trader Premium


SPI 16:00

SPI opens below 5660 and pushes down into the 5-day 50% level and reversing upwards 44 points into a consolidating trading day.