Trading the SPI

[iSPI]

It's a very tempting buy... but if I am tracking the heavyweights foot prints
right there is more on the downside to go.

Seems like the market is rotating around 5025

 

[Bobby]

It's a very tempting buy... but if I am tracking the heavyweights foot prints
right there is more on the downside to go.

Seems like the market is rotating around 5025

Greetings iSPI,

Not to put you on the spot, but care to have a guess about tomorrows opening ?
Stuffed if I can

Bob.

 

[Bronte]

New High 5018
Gap almost closed.

Daily SPI chart showing GAP, that just had to close

 

[ice]

Why did that gap have to close when the 2 in July didn't?

I'm not stirring, just curious.

The SPI isn't really my 'thing' but I enjoy this thread.


ice

 

[iSPI]

Greetings iSPI,

Not to put you on the spot, but care to have a guess about tomorrows opening ?
Stuffed if I can

Bob.

Hi Bob

Well Sycom's up.... I expect a Gap up on open some pressure on to close the
gap.

I know I posted last night that I expect a down day but after a bit more of a look and more info last night I think we will have a upwards day today.
Lets see where we open, if I get a chance I'll be looking to buy 2
at 5035.

 

[iSPI]

We have a really interesting chart right now

12th Sept has formed a slight higher bottom to 25th Aug
pretty much a double bottom

8 Sept and 9 Sept a double top

The string of tops in July at 5153

On a 24 hour chart Top 10/7 5174 double top with 6/sept 5170

5141 looks like a safer buy .... better stop posting and get back to working out a battle plan for today

 

[Bronte]

Why did that gap have to close when the 2 in July didn't?
The SPI isn't really my 'thing' but I enjoy this thread.
ice

Hi ice, Thank you for the kind words
We always expect GAPS to close.
Yesterday we were coming off a double bottom.

Today we have Gann Resistance at 5035/7

 

[Bronte]

Sold 5035

 

[Bronte]

Bought 5031 +4

 

[Bronte]

Today we have Gann Resistance at 5035/7

Opened at 5022
Went up to 5035
The SPI later broke Gann Resistance
If I get chance I will buy 5037 Support

 

[Bronte]

The SPI later broke Gann Resistance
If I get chance I will buy 5037 Support

Bought 5037

 

[Bronte]

Now 5041 +4

 

[Bronte]

Bought 5037

Story so far:

 

[Bronte]

Now 5045 +8 points

 

[Bobby]

Hi Bob

Well Sycom's up.... I expect a Gap up on open some pressure on to close the
gap.

I know I posted last night that I expect a down day but after a bit more of a look and more info last night I think we will have a upwards day today.
Lets see where we open, if I get a chance I'll be looking to buy 2
at 5035.

Hello iSPI,
Well you were right about the direction this morning, hope you got in at 5035

Bob.

 

[nat]

hi all ,question to bronte ,i c your charts are sponsered by man financial ,does that mean thats who you trade through and if you do are you happy with them ?
Nathan

 

[Bronte]

Hi nat,
Yes we do have an account with Man Fanancial
We used to trade with MF and found them very good.
SPI now 5059 +22

 

[Bronte]

Lunchtime again
Anything over 20 pts was my morning target.
We are very happy with todays trades.

 

[Bronte]

Bought 5037

Gann Resistance, became Gann Support

 

[Bronte]

Opened at 5022
Went up to 5035
The SPI later broke Gann Resistance
If I get chance I will buy 5037 Support

Well the SPI was kind to us