SPI Daily 15th December 2010 recap

Today is the first time that the market is trading below both brown filters, which often favours a 'down' day (lower daily close)

Trend guide 4781




SPI Weekly and daily range

Today was the first time since last Wednesday that both filters were above the open, which favours a down day.

However, we didn’t get the same range, and we didn’t get an expected 42-point move either.

Last day for December contracts and I would have thought a move down towards 4747 would have played out just for the sake of getting some volatility into the market



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