SPI Daily 24th September 2010 recap

Price is above 4593 therefore there's probably another consolidating pattern within the Daily range.

Trend guide 4618

Spiral filter Support @ 4603

Random resistance 4639.



SPI Weekly and Daily range.

Lower Daily open and a fade back into 4618 using the spiral filter support @ 4603

Normally a daily open below the 5-day lows @ 4618 is seen as bearish, but the next bar moved above 4618 and then continue to move up into resistance @ 4639…

Match by the double R21 spiral top...and then a rotation back down into a consolidation pattern around the  daily lows.

Weekly report out tomorrow






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