SPI Trading 30th April 2008 Recap

"The last day of the trading month, and this will confirm the May 50% level.

Today the SPI is opening around 5560, and below 5590...

Therefore the two 5-day levels are going to play a support-resistance role today. (Weekly 50% 5558)

C:- opens lower and moves up from 5560 and continues higher :- if trading above 5590 expectation a higher daily close....Morning Report"



SPI 15:40

SPI pushes down into the Weekly 50% level and moves above 5590 closing on it's highs, as it moves towards the 5-day highs @ 5717.