SPI Daily 4th June 2009 recap

"Today should be a straight forward expectation based on 3988.

Below and it's part of a rotation down towards the 5-day 50% level

This fits in with the view of the market rotation down from the 5-day highs yesterday
(4021) and back towards the 5-day 50% levels"

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SPI Weekly and 5-day pattern

SPI opened right on the 5-day channel @ 3988, and continued down into the 50% levels.

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