SPI Daily 25th January 2011 daily recap

Tuesday is seen as part of the 2nd day upward move from Friday's low and the Weekly 50% level (as per Weekly report)

Trend guide 4774

Random resistance @ 4803




SPI Weekly and daily range

The SPI has continued to move upwards today, completing the 2nd reversal day from last week's lows, as it hit Tuesday’s highs @ 4803.

Any further gains in the SPI will now depend on whether the S&P reverses down from it’s Weekly level @ 1290…

Or follows it’s upward Primary cycle to 1300.

If the latter occurs, then the SPI will likely complete the January highs @ 4844 in the last week of the month.






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