SPI Daily 31st Daily 2009 recap

There is a breakout of Thursday's highs, therefore there is an expectation that price should push UP towards Friday's highs, with the expectation of higher prices in early August.

Support 4171 with and expectation that price is moving upwards today with a target of 4215.

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SPI Weekly and 5-day pattern

SPI closes on its highs today with the expectation price will continue upwards in the short-term towards the August highs.

Nice set-up to trade today with a move down into support @ 4171 in early trading, and once above 4189 there was an expectation that the HOOK pattern would continue upwards into 4215.

Weekly Report out tomorrow





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