SPI Daily 6th August 2010 recap

I have the same view as the previous few days:- 4541-44 resistance with a bias to move down towards support levels

Support 4505-11.



SPI Weekly and daily range

Early downward push but a failure to reach support levels has resulted in a tight trading day to close out the week around the current highs.

Jobs data out tonight will provide the next leg upwards…????

Or a negative result has the potential to send markets back into more consolidation patterns over the next 3-weeks.



Posted by