SPI Trading 16th June 2008 Recp

"the best set-up for a move higher will once again be price rising upwards from a 44 point spiral low....

That means, price pushes down 44 points and then continues higher, as it rises up from a 44 point low, which could occur today or part of tomorrow set-up.

Opens below 5410 and remains below 5410 pushing down into the Spiral filter @ 5358, and could then continue down into 5300 by Tuesday's open...."

Morning Report (Premium)




SPI 16:15

Opens below 5410 and pushes down 44 points and then rises higher from a 44 point low @ 5359.

Price action today remains in a consolidating pattern, and where the continuation of this week's trend will be determined by US markets :- ie lower open @ 5300 or higher open around 5455