SPI Daily 19th July 2010 recap

Trend bias to continue lower during the 3rd Quarter, however the market can still consolidate between the Weekly levels.

Trend guide 4344 (resistance)

Random support 4297 (Monday's lows



SPI Weekly and Daily range.

Early rise into resistance @ 4344 and a 21 point reversal…

But a failure to continue down towards Monday’s lows and a full 42 point move.

Understandably with price trading above the Weekly 50% level @ 4316.

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