SPI Daily 21st March 2011 recap

My view is that the SPI is rising up towards the Weekly 50% level, as per Weekly report...

However, Monday could remain range bound between levels in the daily range 4606 (support) and 4653 (resistance)



SPI Weekly and Daily range

Early resistance in the SPI, but a failure to continue down into support levels.

Even though my view is that the SPI is rising upwards this week, today’s preferred pattern was to move down into support levels, and then rise upwards.

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