SPI 5th MAY 2008 Recap

SPI 15:45 Recap

Expectation that SPI would push up into the Weekly highs this week and then reverse back down 2-3 days, but that reversal pattern will be dependant on US markets, because the overall view in MAY is to move higher towards 5870+ ..... (as per Weekly report)


Morning report..... "Whilst price is trading above Friday's high @ 5727, then I don't expect too much weakness below that level today.

A Set-up:- push down into an R44 low before rotating UP.... Basically the market is going higher , but not necessarily from a higher open today..."