SPI Trading 30th MAY 2008 Recap

"The SPI is going to open around the R44 Spiral point @ 5707..... if the SPI has stalled at the 5-day 50% level and is opening around 5707, then the expectation is the R44 needs to move down and complete the range before the market decides which direction it will go....

The Risk level from yesterday @ 5713-07 is the bias to trade the open, with the expectation price is moving down. The rest of the day has a random outcome...."Morning Report


SPI 15:50 Recap

SPI opens lower and pushes up into 5707-13 and then slowly moves down into an R44 low....

Another rotating and consolidating trading day of 44 points to close out the Month of May....

Weekly Report out tomorrow.....

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