SPI Daily 5th August 2010 recap

Based on today's levels it looks like more rotation and consolidation.

Resistance 4550

Trend attraction zone 4527



SPI Weekly and Daily range.

Another consolidating pattern around upper resistance levels and trading within the levels of the daily range. 21 points

As per Yesterday’s recap, I’m bullish on the market, but any further gains in the Aussie market (above 4565) will be lead by the S&P 500.

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