SPI Daily 13th September 2010 recap


"The trend guide for the day session is 4577-79.

Either price continues upwards or it loses momentum and drops back down into 4560

Next spiral filter @ 4619"


SPI Weekly and Daily range.

SPI opened much higher than expected, and above the 5-day highs @ 4599: - resulting in a breakout pattern

The next spiral filter @ 4619 provided a 21 point reversal down, but the rest of the day remain in a ‘breakout’ pattern and under the September highs. @ 4628

Further gains in the SPI will be dependant on the S&P moving upwards on Monday towards the Weekly and Monthly highs.