SPI 17th March 2011 Daily recap

Trend guide 4538

Larger timeframe patterns could see the market continue to remain range bound between the higher timeframe levels of 4442 and 4565




SPI Weekly and Daily range.


Same pattern was yesterday, with the closing price @ 11.20am setting the trend bias for most of the day until it hits the higher timeframe resistance levels @ 4565

The Market is consolidating between the two higher timeframe levels, whilst the S&P tries to complete the first downside target @ 1230.