SPI Daily 6th September 2010 recap

Using the day session and spiral filter there are resistance levels @ 4588.

Trend guide using the filter @ 4577

Random support @ 4542.


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SPI Weekly and Daily range

Higher daily open aligned with Monday’s highs @ 4588 and a swift down move of
42 points towards support 4542

The rest of today has moved into a consolidating pattern, which is often
the norm after the completion of the 42-point range, and as part of
the trend bias upwards.

At this stage the Trend bias is to continue towards the Monthly and
Weekly highs.