SPI Daily 7th May 2010

In early trading the key level is 4413.

If above 4413 it is looking for a swing back towards Friday's lows.



SPI Weekly and Daily range.

Friday opened around the MAY lows and provided a swing back towards Friday's daily lows, as part of a retest of the break.

At this stage whilst price is below the Weekly 50% level there is an expectation that the market can retest the Weekly lows next week.


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