November 25, 2011 5:49:43 AM by
Peter
Code: SPI CFD Trading Strategy
Date: 25 November
Chart: 4 Minute Chart
Be on the right side of the Midpoint 4050 as support or resistance
EarlyBird Report Comments:
SPI CFD 4040
TradingLevels: US Markets have further to go down, the FSTE and SPI ASX have to face psychological support the ASX 200 at 4000 and the FSTE at 5000. I think one of the important aspect you need to prepare for, is the breaking of supports, the breaking of 4000 will wake traders up but the 3800 will deliver doom and gloom in the news.
Elliott Wave: The US Markets will go through a series of 4th and 5th wave patterns of three degrees, these are shorter trading ranges and will reflect here through the 4000 and 3800
Trading Strategy: Scalp sublevels