SPI ... is there a Bear in there ?

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.