SPI Trading 4th August 2008 recap

SPI 15:50 Recap

After reading the Weekly Report, the expectation is that SPi is moving lower in August and following the B Set-up.

Today the SPI moved in it's usual 44 point rotating pattern, supported around 4859 using the 5-day filter patterns.

Market held up due to Financials rotating back towards their own Weekly 50% levels, which should be completed by tomorrow.

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