SPI Daily 13th August 2010 recap

SPI Trading around the 3-week lows @ 4330

Trend guide in early trading is 4344.

Above 4344 has the potential to move into a counter-trend trading day back towards 4427.




SPI Weekly and Daily range

SPI moves down into Weekly lows @ 4330, after consolidating
below 4375 yesterday

Friday has seen the Weekly support @ 4330 verified with a shift in
the 5-day filter @ 4344 and then a consolidation back above 4375...

And Friday continues with the counter-trend upwards & back towards the 50% levels.