SPI Daily 29th July 2010 recap

Whilst the SPI is trading above the July 50% level trying to rise towards 4534 and to 4572 by the end of the month

Trend guide 4486



SPI Weekly and daily range.

Choppy early in the day around the trend guide @ 4486.

I was expecting a little more strength into the close today:- 42 points from today’s lows.(minimum move)

Any further gains will depend on the price action in the S&P after the completion of the 2-day reversal pattern down from 1117 into 1099 (support and trend guide for the 3rd Quarter)


  • Daily Trading Set-ups & Analysis
  • Index Futures SPI, DOW S&P, & Forex
  • Subscribe to the Trader Premium
  • http://www.datafeeds.com.au/premiumtrader.html
    • Posted by