SPI Daily 11th January 2011 daily recap

"4675 remains my support zone, and we have a similar pattern as yesterday.

For the market to continue higher it needs to breakout of 4705.

Resistance 4705"




SPI Weekly and Daily range

4675 provided support once again, but Tuesday hasn't convincingly continued above 4705 (breakout). It has stalled at 4705

4703 continues to be an important level during January.

Any further gains will now depend on whether the S&P 500 continues up towards the monthly highs on Tuesday, as part of a 2nd upward day...






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