SPI Trading 20th October 2008 recap.

Lower Weekly open therefore there is an expectation that price will rotate back towards the Weekly 50% level.

That could occur in the first 2-3 days, and then the possibility of continuing down towards the Weekly lows.

SPI intra-day patterns:- Trend guide 4063

Monday will have an 'open-trading' set-up where the last bar from Friday needs to complete before price moves into Monday.

If price is trading above 4063 on open then the bias of the first R44 is to rise higher:- Weekly balance point @ 4181"

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SPI Daily and 5-day pattern

SPI moves above 4063 and completes the move into the 50% levels @ 4181-86

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