SPI Daily 20th April 2010 recap

"I'm bearish, but like all bearish patterns in the SPI, it's most likely going to continue down in sycom and not the day session.

Our trading range is 4932-4972 using the 24 hour levels

The closer price opens to 4958-60 most likely push down towards support (R21 points down)"


SPI Weekly and daily range…

Bearish on the market with the April highs and now below the Weekly 50% level, but I wasn't expecting a large trending day on Tuesday.

Any continuation down is now based on price action in US markets, as per Weekly report.

Once again another slow trading day until selling appeared after the cash market closed.






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