SPI Daily 12th August 2010 recap

Thursday breakout and resistance @ 4381

Support:- Weekly lows 4330.

1 day counter-trend move is back towards the Weekly 50% level, but that might not happen during the day session as price will probably struggle to trade above today's resistance (4381)






SPI Weekly and daily range

Lower daily open and swing back into resistance @ 4381....

saw the rest of Thursday remain in a breakout pattern, but a failure to continue down into support levels @ 4330



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