SPI Daily 4th January 2011 recap

I favour an 'inside day' that's going to remain between the blue channels

the spiral filter @ 4724 matches the daily channel lows @ 4723-28.

if above those lows, then the market is trying to rise upwards



SPI Weekly and daily range

Higher daily open on the back of the S&P rising on Monday...

but then the SPI followed an inside day remaining within the channels, as 4723-28 provided support and a rise upwards..


And then Friday's breakout and the weekly 50% level @4752-56 the formed resistance


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