SPI Daily 6th October 2010 recap

"SPI is opening around the Weekly high level @ 4689;- minor resistance.

Trend guide 4668

Above 4689 and the trend bias is to continue towards the Daily and Weekly highs @ 4710-13 (resistance)"

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SPI Weekly and daily range.

SPI opens and 4689 and pushes down into the trend guide @ 4668.

Once 11:20am was over and the market had closed above 4689, then trend bias was to move up into higher timeframe resistance levels @ 4710-13.

This resulted in sellers appearing around the highs and sending the SPI downward 21 points into the close.



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