SPI Daily 8th September 2010 recap

Resistance 4566-72

Support 4526-31

Based on the spiral filter @ 4566 and 4572, my view is to move down towards support levels @ 4526-31


SPI Weekly and Daily range.

Early rise into resistance levels and a push down into support levels.

I would look at the current price action and think that the SPI would rise up from these support levels and begin the next leg upwards and into the September highs.

However, the patterns in S&P 500 aren't so bullish on Wednesday for the above pattern to be as reliable as on other occassions.





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