SPI Trading 3rd June 2008 Recap

Morning Report:-


5621 support and look for a move towards the Risk level 5659....

Then it becomes a random expectation for the rest of today, as it will close the R44 gap from yesterday, and then could reverse back down towards the 5-day lows.

Don't trade longs below 5621 on open and it's open to risk...

Note: use the red and blue channel lows from yesterday's recap as a support level for today:- high risk to be trading longs below those levels...


As below 5628 price is pushing down towards 5588



SPI Recap:-

SPI opens lower and moves up towards the 5-day 50% level closing the gap, then the rest of the day followed the move lower towards 5588 and support on Tuesday...


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