SPI Trading 24th June 2008 recap

"Today is about whether the SPI continues with the 2-day counter-trend move up (lower Weekly open), or pushes back down towards yesterdays lows.

With the lower open, it's hard to go short on open from a lower Spiral point, therefore I favour a higher move back towards the 5-day 50% level and as high as 5319

And it's simply going to be defined by the lower spiral point filter:- above and expectation it's moving higher (5263)"


Premium Morning report....

SPI 16:00 recap

SPI opens higher and pushes down into the Spiral filter (5263) and then swings up into 5319, as part of the 2-day counter-trend move UP from the Weekly lows...

  • Daily Trading Set-ups & Analysis

  • Index Futures SPI, DOW S&P, & Forex

  • Subscribe to the Trader Premium

  • http://www.datafeeds.com.au/premiumtrader.html

  •