SPI Daily 9th August 2010 recap

The expectation is to continue up towards this week's highs @ 4606 & 4672.

As long as price remains above 4512

Random resistance @ 4556





SPI Weekly and daily range

SPI opened below 4512 and pushed down but quickly moved back above the key levels and continued into a higher daily close.

Random resistance @ 4556 failed to resist the trend from rising today....

however there is a larger trend pushing markets upwards this week based on the similar pattern as last week in the S&P 500






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