SPI Trading 5th August 2008 recap



SPI daily and 5-day pattern

SPI completed the first part of the B Set-up:- moving down this week into the Weekly lows.

Support as always around the 5-day lows:- 4754:- but when the price broke lower and then 'hooked' back inside, it set-up a short-term bullish pattern, and short-covering into the close.



SPI 5-day pattern & spiral filter


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