SPI Trading 30th July 2008 Recap

"SPI supported around July's lows @ 4836 , and moving back towards the August balance point on Friday.

Today:- 5-day 50% levels resistance

A higher open favours a down move, ideally to close the gap and complete 44 points down....


It could remain in a tight 44 point range day below the 5-day 50% levels for most of the day :- which could only be 1 bar.

Morning Premium Report

SPI Daily and 5-day pattern

16:05 Recap


SPI opens higher and stalls at the 5-day 50% levels and pushing down.

By 16:05 the SPI hasn't even completed it's single 44 point range for today... not yet anyway.


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