SPI Daily 29 December 2010 recap

we have seen US markets and also currencies move down at the start of this week, only to Hook back above the weekly levels and then push upwards the next day

Trend guide 4791-94.



SPI Weekly and Daily range.

SPI opens below the filter and Weekly level @ 4791-94 and is pushed down into random support @ 4764.

Whilst the market is below 4791 the trend bias is down into the Weekly 50% level and then towards the Weekly lows.

However, as seen in a lot of markets this week….

This price action can often turn around and push upwards to finally complete the December highs @ 4823-41, if tomorrow begins trading above 4791

Trend guide for the rest of this week is 4791


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