SPI Daily 20th April 2009 recap

"The SPI has reached my upper targets in April and now I'm looking for price to rotate back towards the Monthly 50% levels:- April-May

But that won't be confirmed until price is trading below the 5-day 50% level.

And then the rest of this week needs to be defined the Weekly 50% levels"

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SPI Weekly and 5-day pattern

Expectation of weakness today was confirmed with price trading below 3783 today (5-day 50% level), which resulted in a moved down into the Weekly 50% level @ 3732

Weekly 50% level support, resulted in a 44 point reversal upwards.




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