SPI Daily 29th September 2010 recap

"As per weekly report, I was looking for a Wednesday 'sell' pattern, but only if price was below 4658.

Resistance 4724

Below 4694 and the trend bias is to have a Wednesday sell day down into 4658"




SPI Weekly and 5-day pattern

Wednesday sell day, but not precisely from my resistance levels @ 4724.

confirmed break @ 4694 verified the sell day down towards 4658, which is currently the trend guide for this week.

I would continue to be bearish in the short-term only if this price action was occurring below 4658, or today opened below 4658.


At this stage it’s too early to tell other than a 1-day sell pattern set-up







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