SPI Daily 14th September 2009 recap

"Friday high sprial fitler @ 4621, and at this stage there is an expectation of
that there is a 2-day reversal pattern occurring, with the first target 4561,
and below that back into the 50% level @ 4488, as per Weekly report"

Primary Report
SPI Weekly and Primary Range filter

Higher Weekly open and there is an expectation that price is moving in a 2-day reversal pattern into the 50% levels.

If the market is going to follow the September pattern upwards then 4488 should hold and then look for longs set-ups from Wednesday, helped by US market set-ups.

Otherwise a 2-day reversal and close below 4488 normally continues down.






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