SPI Daily 18th February 2011 recap

My view is that Friday will move down towards the target and support levels

Therefore if shorting we need to see the market below 4918/20


SPI Weekly and Daily range.

Same view as the past few days, whilst below the certain levels in the daily range, the trend bias was to move back down towards the daily channel lows (42 points).

Friday did move down, but once again it remained in a tight trading range below those levels, without any of the range movements of 21 points






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