SPI Daily 15th MAY 2009 recap

"If price is rising up from the monthly levels @ 3740 and a lower Daily open, then the view is that today is trying to fill the 'gaps' on the upside, which could see the SPI back around the Weekly 50% level by sycom.

Support 3741

Random resistance 3785:- Day session"

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SPI Weekly and 5-day pattern

SPI trying to fill the gaps on the Upside, and could result in a move up into those levels by Sycom if US markets follow their Weekly 50% level support levels (charts below)

Slow trading day after the initial UP move into resistance:- 3785


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