SPI Daily 17th September 2010 recap

Because price is above the filter @ 4644, there could be a trend bias upwards


Resistance 4678-81 (Weekly highs)

                                                               SPI Weekly and Daily range

Early support @ 4644 with an upwards bias (high 4676)

Around 4672-76 are higher timeframe resistance levels, as shown in yesterday's chart.

Any further gains in the SPI will be dependant on price action in the S&P 500 on Friday.

S&P 500 is now trading above 1123-1126:- key resistance levels for this week

Weekly report out tomorrow.







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