SPI Daily 6th March 2009 recap

"Today is going to be defined by the R87 spiral lows @ 3120-25.

Any upside is first towards the gap @ 3151, and then it becomes a random pattern.

The SPI has struggled to rise higher than 44 points in the day session"

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SPI Weekly and 5-day pattern

SPI opened on support and remained above support for most of the day.

But as per morning report:- Any upside was into the gap @ 3151, and then it would probably struggle to rise higher than 44 points.

Weekly shift in ranges next week with new lows :- 3060 -3013

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