SPI Daily 19th March 2010 recap

"Friday's highs now match the March highs:- resistance 4915-17.

There is a breakout of the Thursday highs, which should continue to push the market higher into Friday's highs"

Trend guide 4884

Support 4863



S&P Weekly and daily range.

There was Thursday's breakout @ 4876 which would normally continue into the next day's highs:- 42 points upwards and into 4915.

This would have completed the March high pattern @ 4917.

Instead Friday lacked volatility and ended up an inside trading day.