SPI Daily 30th August 2010 recap

Trend guide 4396.

Above 4396 and the trend bias is to move up towards 4330-47

Below 4396 & into random support levels


SPI Weekly and Daily range.

Trend guide on open was based on 4396, which was either going to push price down in early trading into support levels, or it was going to move upwards.

Rally on open in the first 90 minutes into Monday’s daily highs @ 4447 and then in a consolidating trading pattern of 21 points

Trend bias is to continue back towards the August 50% level @ 4486, but that will depend on price action in the S&P 500



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