SPI Daily 21st June 2010 recap

"As per Weekly report, expectation that the market is continuing higher and following the Weekly ranges upwards over the next 2-weeks.

Trend guide 4625:- with the bias to potentially move down 42 points and ‘gap’ closure"



SPI Weekly and Daily range

S&P 500 gapped up during globex hours resulting in the SPI opening much higher than expected and already around this week’s highs.

Trend guide spiral filter @ 4625 for an early fade downward into Monday’s highs @ 4584-4592.

Once Gap closure was complete into the previous weekly highs and whilst Monday trades above 4592 there is an expectation that the trend will continue higher into the start of the 3rd Quarter.






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