SPI ... is there a Bear in there ?

  1. 5,816 Posts.
    Hmmm... given the SPI is a good barometer of Blues in general for those who trade derivatives ... it is worth noting the current tricky situation ...

    Indicators (RSI crossing MACD) suggest a reversal and supported by failure to break above Fib(23.6%) at 3025.

    I suggested Sunday 50/50 LONG/SHORT ... have updated to 60/40 for those looking to go SHORT ...

    Reason: The Terrorists ahead on points so far ...

    Chart looks like this...


    This is only my view ... read the red stuff.
 
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