SPI Daily 7th September 2010 recap

Trend bias is to continue higher towards the September highs.

However, price is opening below 4598, which is seen as resistance today.




SPI Weekly and Daily range.

Market opened lower that expected and price never reached resistance levels for a robust short-trade.

Instead the market consolidated for most of the day until the % rate news came out.@ 14.30.

Today was the first time is 7 days that price had opened below the filter, therefore there was a bias to try and continue lower today towards support levels @ 4526.





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