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SPI 9.9¢

SPI..Chart..something to look at

  1. acouch

    5,571 Posts.

    as the dow was off, 118 points, it doesnt look like that the spi will have enough strength to go back and close the gaps it left 5 days ago..which is a sign of weakness..i would know be looking at 3119, as the next stop....as you will notice on the left of the chart..the gaps left as the spi climbed to its highs..a very strong move..didnt have the time to come back and close the gaps..well one gap was closed with the low of 3169..as you can see there are still three gaps to go, now whether we will get there this time or sometime in the future who knows, my bet it will be sooner than later...
    anyway if you have nothing to do check out the chart..opinions welcome....
    have a great day
    read the red below.

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