SPI Daily 9th March 2009 recap

"SPI trading above 3120 from Friday, therefore the bias is to complete the move up towards 3185…

There is no probability to trade the open:-

Around 3135 is the R44 low:- bullish pattern price rising UP from 3120 and the R44 @ 3135 can continue towards the 5-day 50% level @ 3184"

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SPI weekly and 5-day pattern

SPI moved up higher on open but failed to reach the 5-day 50% level @ 3184:- resistance.

SPI moved down during the day finding the R44 lows @ 3135.... finding buyers

and supporting the market into another consolidating trading day.



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