SPI Daily 3rd February 2011 recap

above the Weekly 50% level & the bias is to continue higher

it lends its self to more upside using 4761 as the trend guide:- 42 points upwards



SPI Weekly and Daily Range.


As the market is trading above the Weekly 50% level, expectation is that the the trend is continuing towards the Weekly highs

Early support @ 4761, but a failure to reach the 42 point target during the day session & Thursday’s highs