SPI 12th November 2008 Daily Recap

"SPI completes the move down into the 5-day lows on Tuesday @ 3904

Today:- Trend guide on the SPI @ 3874.....

Whilst above 3874 there is an expectation of Wednesday having an UP day"

"Expectation that any continuation of the UP trend needs to occur from an R44 low and with short-covering into the close towards 4000-4049"


Premium Report.



SPI Weekly and 5-day pattern.


Lower Daily open and expectation that the SPI would have an UP day towards 4000-4049.

As per US report:- a higher daily open tomorrow will be dependant on how US markets react to the 5-day filters.

From the mornings' report, US markets have moved up off the lows, and now are trading above the blue filters on Wednesday.

SPI Spiral patterns

Today's price action was nice and robust, with R44 range rotations, along with the Spiral filters picking the lows of the market on each lower swing.

Hopefully there is a much higher open tomorrow, and not a worse case 'sell-off' in US markets.