SPI Trading 24th July 2008 Recap

"SPI is headed back towards the Monthly 50% levels, and with the break of the Weekly 50% level there is a potential move towards the Weekly highs by Friday.

If the SPI is going to continue higher, then the 5-day pattern matches another trending day on Thursday, which aligns with the move towards the Weekly highs @ 5259"

"A bullish pattern in an Weekly UP trend normally rises up from the R44 lows, so there could be buyers appearing..."

Premium Reports


SPI 16:28 Recap

SPI moves down into an R44 low @ 5082, and then continues with the Weekly UP trend, and with the potential to complete the move back towards 5259 by Friday.



  • Daily Trading Set-ups & Analysis
  • Index Futures SPI, DOW S&P, & Forex
  • Subscribe to the Trader Premium
  • http://www.datafeeds.com.au/premiumtrader.html



    • Posted by