SPI Daily 15th June 2009 recap

"JUNE high resistance with the expectation that prices are pulling back into the Weekly 50% level.

Monday:- Resistance 4074-76 with the expectation of a pullback into the 5-day 50% level..."

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SPI Weekly and 5-day pattern

SPI didn't open high enough or hit resistance during Monday @ 4070, but there was an intra-day spiral top @ 4056 to trade the move down into Monday's 50% level @ 4018.

Currently there is an expectation of a pullback towards the Weekly 50% level this week @ 3953




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