SPI 16th December 2008 recap

"The trend guide is simply defined by 3587.

Depending on where the market opens today keep in mind that the last R44 bar has to complete to move into Tuesday's trading @ 3572

Above 3587 I'm bullish, below 3573 and limit trading longs"

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SPI Weekly and 5-day pattern

Another consolidating trading day with an afternoon reversal back towards the midpoints late in the day.

Once the Last 44 point range closed @ 3472 the bias was to push down.

Once back above 3535 in afternoon trading, the bias was to swing back into 3573 and stall.


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