SPI Daily 23rd August 2010 Daily recap

"Based on the current price action I would have an UP day using 4381-83 as the trend guide"

SPI Weekly and Daily range.

Early rise from support and once the precise 42 point range had completed @ 4420, then market moved into a consolidating pattern to close out the day.

The only way I can see the SPI moving down into the Weekly lows is if the S&P 500 moves down early this week.

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