SPI Daily 13th July 2010 recap

The R42 range is completing @ 4411 and forming a Spiral top.

If the market moves back below 4401 the downside bias is towards 4338



SPI Weekly and R42 range…

This week's trading is based on trading either side of the Weekly 50% levels.

Either the market continues towards the July 50% levels @ 4464, or reverses down towards 4299 by Friday.

Today was based on using the spiral filter @ 4411 with the expectation that the market would move down 42 points, and then possibly continue towards 4338.

The reversal towards 4338 can still happen during sycom






Posted by