SPI Trading 3rd April 2008 part 7

SPI 15:27

SPI continuing higher following the 5-day pattern range extension upwards towards the 5-day high @ 5681...

When we look at the Weekly chart in the Previous report we can see that a Drive upwards this week can end up towards 5800+

And that will depend on US markets on Thursday (Report Later), but the next levels upwards on Friday is 5757....

In hindsight, the move back above 5585 this morning would have been the ideal long trade, but that doesn't always play out when trading using 'regressive' trading techniques, and the Market is trending.