SPI Trading 19th May 2008 Recap...
SPI 15:30 Recap
Higher Daily open along with Spiral point, and expectation is to push down 44 points....
Higher Weekly open and look for a move back towards the 5-day 50% level, as part of a 2-day counter-trend move...
A move up into 6065 early this week will be dependant on US markets pushing higher,(SPI higher opens) otherwise I'd look for a move up into 6065 later this week....
Posted by
Frank Dilernia