SPI Daily 8th July 2009 recap

"SPI continuing down into the Weekly lows @ 3647 and towards the July lows @ 3580.

Support:- 3664.


If the SPI opens closer to 3664-66 I would favour a move upwards in early trading, but price might struggle to get above 3693

Above 3693 and expectation of price 'gap' closure @ 3729 from Yesterday"

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SPI Weekly and 5-day pattern

SPI opened lower today on Wednesday's support zone with the expectation that price would continue up in early trading towards 3693.

Around the same level resisted price for a number of hours until an afternoon rally completed the 'gap' closure from Monday.


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