SPI Daily 9th September 2010 recap

Based on current patterns the expectation remains that price is moving up towards the Monthly and Weekly highs:- 4626 to 4654

Trend guide & support 4565

Random resistance 4589-91



SPI Weekly and Daily range

This week has seen a minor reversal pattern into trailing support levels
in both the Weekly and daily ranges:- 4526-4530

Trend bias is to continue towards the Monthly and Weekly highs:- 4628-54

Today:- Whilst price remains above 4565 in the daily range the
short-term trend is up and hitting the daily highs @ 4589

Daily highs @ 4589, may or may not have acted as resistance today, but in the end it provided a 21 point reversal down and then more buying support.






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