SPI Daily 3rd June 2010 recap

"SPI trading above the Weekly 50% levels (4430-41) and moving back towards the June 50% levels @ 4519,

However the daily highs are going to be seen as resistance levels (spiral filter @ 4466)"




SPI Weekly and daily range.

Higher daily open and move down from the spiral filter @ 4466 into the Weekly 50% levels finding support and then a higher daily close, as price continues up towards the June 50% level.

Minor intra-day swing patterns within the levels of the daily highs on Thursday after the support came in @ 4440 and closed back above 4455.




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