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As usual, your friendly SPISpy extracted gobbets of yummy value by tagging a nice intraday reversal - providing an opportunity for even the most thinly-capitalised trader to recoup moret han half the subscription fee in less than a session.
Here's what went out pre-market...
Greetings all.
Had some malware trouble, and after I cleaned that up I waited for three consecutive 'all clear' signals (after each virus definition update). Now that there is now no risk of transmitting anything nasty to your PC's, "On y va" (here we go)...
SPI should pop in the first half hour; shorting above 5340 after the first half hour is the go.
Targets: 5, 10, open.
For those trading more than 3 this will probably be the one where the last unit gets held for most of the rest of the first half of the year (trading will probably have a shorting bias from now until July - today will tell). Bernanke can waffle all he likes tonight - the US is falling over.
Regards,
SPISpy.
Now I would call that decent - the session top was 5343 set seconds before 11:00 a.m. Sydney time... and the market is currently at 5310.
And of course the cause of the reversal was yet another lovely little CCI divergence...
