SPI Daily 1st March 2010 recap

Based on the current price action and the reversal off Friday's lows, this could lead to a 2 day up move early next Week on Monday and Tuesday.

However, it might struggle to rise higher than 4612 on Friday, but it won’t take much for Monday to breakout

Friday's Premium Report



SPI Weekly and Daily range

Today's up day was set-up with a Monday high breakout and the completion of the statistical range of 42 points @ 4681

Expectation that the price action in the SPI to continue into
higher highs by Tuesday.

At this stage US markets remain above key levels with only short-term counter-trend moves.






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