SPI Daily 21st July 2010 recap

Trend guide 4413…

Below and pull back towards 4382…




SPI Weekly and 5-day pattern

Today was based on whether the market was going to continue towards the daily highs or move down into support levels (R42 points)

Based on the higher spiral point @ 4413 the bias was to close the gap on the downwise and then struggle to rise higher than 4403 for the rest of today.