SPI Daily 29th June 2010 recap

Last Week of the Quarter sell down towards the July lows, & today's trend guide is 4369.

The trend bias is to continue down towards the Daily lows on Tuesday @ 4326


SPI Weekly and Daily range

Last Week's reversal pattern below the June 50% level and this normally leads to a continuation of the trend during the 2nd Quarter and extension down into the 3rd. (July's lows)

Today:- Early support and a rise upwards of 42 points.

That extended the early move, but once the market closed back below 4380 the bias was to follow the larger trend down towards the daily lows @ 4326



  • Daily Trading Set-ups & Analysis

  • Index Futures SPI, DOW S&P, & Forex

  • Subscribe to the Trader Premium

  • http://www.datafeeds.com.au/premiumtrader.html
    • Posted by