SPI Daily 23rd July 2010 recap

Today is based on whether Friday continues towards the July 50% level @ 4464, and Friday's highs...

or there is more rotation and consolidation within the Weekly levels.

Resistance @ 4435




SPI Weekly and daily range

Early resistance but there wasn’t a minium move of 21 points on the downside

Instead the market remained choppy until afternoon trading before continuing upwards, but then drifting lower into the close.

Weekly report out tomorrow






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