SPI Trading 13th June 2008 Recap

"SPI is opening at a higher Spiral point so it's going to be hard to trade Longs on open.

Looking at yesterday's price action I do favour a continuation down, and today is going to be simply defined by 5387.

Best Idea on today's direction is once the first 21 points of the day completes..."

Premium trader 9:00am


SPI Recap 16:00

SPI moved up 21 points and reversed down from 5387, completing the primary Range of 87 points down, before once again buyers came into the market around the lows.

This price action was similar to Wednesday's price action, and rising up from the Spiral filter (5303) into the close



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