SPI Daily 14th MAY 2009

"Day session 5-day pattern there is a breakout of Thursday's lows 3785.

Therefore price is going to struggle to rise higher than those levels today.

Normally the most robust pattern to short trade would be to see the SPI rise up into a Spiral top 42-44 points during the day and then short trade the top with the expectation of price coming down.

Trend guide 3751"

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SPI Weekly and 5-day pattern

First stage of the reversal down into 3740 has completed from the MAY highs, with the expectation price will continue down into the MAY 50% levels this month.

Today ended up consolidating in a small range day of 44 points after the early rise and Spiral top @ 3768.

Once under 3751 price struggled to move higher.






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