SPI Trading 2nd july 2008 Recap

"Today:-

Once again the last 44 point range from yesterday needs to complete, and the spiral filter @ 5145 is the early trend guide.

5-day lows @ 5110 are going to be important if prices push down early...

Below 5110 and it continues down"


Morning report


SPI 16:15 Recap

SPI opens and sells off from the spiral filter @ 5144 and continues down into the 5-day lows @ 5110, and then moves into a 2nd double R44 range and low of the day

The rest of the day moved into a consolidating pattern of 44 point rotations.




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