Code: SPI CFD / ASX200 XJO Date: 9 December Chart: 5 Minute Chart Target 4172 EarlyBird Report Comments: SPI CFD 4220 TradingLevels: The price under 4272 is bias short Elliott Wave: The pattern at 4300 and below is more bearish looking that bullish, the structure appears to be in a series of waves one and two’s to the downside Trading Strategy: The move down in the US Indices is not confirmed as a impulse wave down yet, it only has three waves down which is bullish corrective, it can however turn into five waves down in the session or maybe this session as there is still an hour and a half to go until the close a move to 11900 should do it. China CPI figures at 12.30.
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