SPI Daily 9th April 2009 recap

"If the SPI is going to follow a lower Weekly close then price should open higher a push down from 3680 towards the 5-day lows.

If the Weekly 50% level is valid support there could be a higher close or at least fill the upside gaps in late trading

That can come from price finding support around 3638 and then swing upwards from a lower spiral point or a break and Hook above 3680"

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SPI weekly 5-day pattern

SPI opens lower moves up into 3680 reverses down into 3638 and finds buying support, and forms an insdie day.



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