Intra day Market Update 06/01/2016.

SPI 1000 Tick short term chart in analysis as @ approx. 14:40 hours Melbourne Time. SPI has retraced approx. 50% of the December move and appears to have reacting to the 50% Fib. Support and the support of the oversold line. Whether or not it holds, remains to be seen. Next level of short term support would be the Fib. Golden Mean of 61.8%. That zone is highlighted with yellow.

No sign of a STOP/HALT to this short term downtrend as yet. Short term resistance also marked on the chart which may/will change if the down trend continues.

spi1000tick06012016

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