SPI Trading 28th August 2008 recap

"Bounce off the 5-day 50% level yesterday can see the SPI travel towards the 5-day highs...

However a higher open and expectation is that price will close the 'gap' @ 5021 (previous 44 high)

If it's going to continue higher then it might find support at this level and push higher another 44 points"


Morning report

SPI Recap 16:30

SPI opened lower than expected, but the same pattern of rising up from 5021 and another 44 points played out hitting the Weekly highs.




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