SPI Daily 16th June 2010 recap

"Weekly highs in the SPI @ 4590 are seen as resistance along with Wednesday's 5-day highs @ 4597.

Random support today @ 4552"

SPI Weekly and Daily range.

SPI has hit upper resistance levels in the Weekly and daily range, but is now trading above the June 50% levels.

Today’s higher open had an expectation that price would moved back down into 4552, with matching Monthly 50% level and daily level.

Weekly highs are seen as resistance this week

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