SPI Daily 7th January 09 recap

"This week on the SPI has seen the market come down test the Weekly 50% level and bounce.

Tuesday's bounce precisely of the lower support zones of 3679.


And this now sets up further gains this week towards the Weekly highs.


Once again use the levels with the 5-day pattern for day traders :- Support 3756"

Premium Report



SPI Weekly and 5-day pattern

SPI supported above 3756, but any extension upwards failed to take hold, instead consolidating in 44-point rotations.

Bias remains to continue towards the Weekly highs...



Posted by