SPI Daily 14th December 2010 recap

The SPI is trading around the spiral filter and the level in the 5-day range @ 4776-77.

Whilst the market is below this level the trend bias is to move down

however, we once again have the day session level @ 4762 that has provided support for the past 3-days.


SPI Weekly and Daily range.

Once again the trailing filter has provided support on the SPI, as has been the case over the past 4 days… (4762)


As the market continues to remain in an upward trend towards the December highs @ 4832-41.


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