SPI Daily 10th September 2010 recap

SPI has reached the September highs @ 4628. This can act as resistance.

Trend guide 4598-4602

Today is either going to continue higher or it’s going to drop back down into 4572.

Keep an eye on 90 minutes timeframes around lower levels.




SPI Weekly and Daily range

Today was either going to continue higher...(above 4602)

Or it was going to follow the resistance patterns in the timeframes and reverse down.

Once price had moved down 42 points it resulted in price trading below 4572, and then confirmed on 90-minute timeframe closure for further weakness into the close







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