SPI Daily 4th June 2010 recap

"Resistance 4513-19 (Friday highs and June 50% level)

Support 4451. (5-day 50% level)"




SPI Weekly and Daily range.

At the start of the day I was looking for a move up towards the June 50% level using 4451 as support…

However, that failed to materialise, and Friday remained consolidating around the Weekly 50% level for most of the day until late market rally pushed the SPI upwards after the cash market closed.