SPI Daily 26th July 2010 recap

"Looks like another day like last Friday: - upward bias and 4482 as resistance,

But not expecting a complete 42 point reversal"




SPI Weekly and Daily range

Monday’s highs stalling the trend, as was the case last Friday.

Gap closure back down into Friday's highs @ 4451, and now the trend has a bias to continue towards the Weekly highs @ 4534.

Currently price is trading above the July 50% level and should continue higher unless the S&P begins this week with a 2-day reversal (Trend guide 1099)




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