SPI Daily 29th April 2010 recap

Daily close below the lows yesterday @ 4830 should extend downward today, which means I favour that R42 range to complete with a downward bias @ (42 points from today's highs) @ 4788



SPI Weekly and Daily

SPI opened below yesterday's lows @ 4830 and the expectation that a breakout pattern would normally continue downward until it moves into today's range.

Once price completed the move downward @ 4788 Thursday ended up consolidating around 4794.

1 day to go until the end of the month and target remains the April 50% levels


  • Daily Trading Set-ups & Analysis
  • Index Futures SPI, DOW S&P, & Forex
  • Subscribe to the Trader Premium
  • http://www.datafeeds.com.au/premiumtrader.html
    • Posted by