SPI/Monthly, page-3

Acouch,

I'm not to keen to stick my neck out on Futures more than the day i'm trading. i'm not a position trader.

But in saying that, we are trading above the monthly 50% pivot poiint at 3109. This is bullish.

Fridays trading closed above its past 20 day highs, this again is bullish, how far are we going to go??

does 3187 sound like an area it could go to. I think it can because fllowing the same 3 period swing method this is where the 3 week higher high is.

Around these levels become resistance for me and then we get into the sillt season of Sept/oct.

ps. Acouch, is that you on Spi-traders list?

James,

Monday, i will use 20 day high 3129 as my support/magic and we could follow with another upday but nothing to get too excited about.

below 3129 we could be looking for a 3 day swing to those trailing 3 day periods using 3109 as major support.

cheers.