SPI Trading 18th June 2008 Recap

"Therefore today's range is defined by the 5-day 50% levels 5389 and 5455...

Because price is trading below yesterday's R44 high @ 5424, the expectation is that price is moving back down into and R44 low @ 5395 and then into the 50% levels, and could go as far as the Spiral risk level @ 5372:-

Reverses off the 5-day 50% level @ 5389 and continues higher into the close"

Morning Premium Report..


SPI daily and 5-day pattern

SPI opens and pushes down into the Risk filter @ 5373, and then swings above the 5-day 50% level and continues higher into the upper channel target of the previous 5-day range 5446-54..



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