SPI Daily 1st April 2011 recap

Trend guide @ 4857

Expectation that the Trend will continue up towards the Daily highs, to complete the break and extend pattern from Wednesday.

Random resistance @ 4891




SPI Weekly and daily range

Early rise up from 4857 completed the break and extend pattern @ 4891.

Depending on the price action in the S&P overnight, the SPI is either going to follow the double high Weekly pattern into next week’s highs, and the 'April highs'

Or next week begins with a 2-day reversal back down towards 4813, starting with today's highs as the resistance/reversal zone @ 4891