SPI Daily 24th April 2009 recap

"I mentioned on Tuesday that my next Sell pattern was on Friday, and we have a 'Spiral Top' open and a higher Daily open.

Basically, any down move can't be confirmed unless there is a reversal and HOOK back below 3738

expectation is then push down into 3689:- random support."

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SPI Weekly and 5-day pattern

Higher Daily open on the SPI pushing the market down, and confirmed with price trading below 3738.

Once that was confirmed expectation was a move down into 3689.

3689 support held with 3pm buying pushing the market back towards the midpoints.

Weekly Report out tomorrow





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