SPI Daily 3rd April 2009 recap

"Expectation of an early push upwards in April makinh a higher high is playing out.

First target @ 3768 reached.

Random resistance Friday's highs and Spiral top.

Support: Thursday's highs @ 3710"

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SPI Weekly and 5-day pattern

Higher Weekly close and first target reached @ 3768, with a Text book pattern on a 2 X Monthly move should take the SPI up towards 3845 (April high).

At this stage Whilst pricec is trading around these levels and a higher Weekly open next week I would like to see the SPI move back down into the Weekly 50% level.

Weekly Report out tomorrow
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