SPI Trading 21st July 2008 recap

"Expectation that the SPI is rotating back towards the Weekly 50% level, which matches the 5-day highs @ 4988.

The SPI will be opening above the 5-day 50% level, whilst trading above those levels then the trend is up."

Morning Report


SPI Daily and 5-day pattern

Opens higher and pushes into the 5-day highs 4988 and Weekly 50% level, stalling for most of the day before an after hours (16:00) spike and reverse...

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