SPI Daily 26th February 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 today.

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SPI Weekly and Daily range.

Today’s trading couldn’t break through resistance levels @ 4612 in early trading, and price was sent back down into 4581.

Buying came into the market after 3pm with a late push upwards and probably higher next week (Monday-Tuesday)

Support levels holding on the SPI, and bullish price action in US markets can set-up that pattern,

As it won’t take much for Monday to open above key levels and continue higher thereafter.





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