SPI Daily 24th March 2011 recap

My view is that the trend is trying to continue towards the Weekly 50% level @ 4740 (follow the daily highs)

Trend guide 4686/92

SPI Weekly and Daily range.

At the start of the day I didn’t know whether Thursday would remain flat and below 4692, or whether it was going to continue with this week’s reversal towards the Weekly 50% level.

After a 30 minute churn the trend followed the daily range upwards, as the market pushed upwards from 4692

How far the trend continues (4740 or 4772) will depend on the price action in the S&P overnight.



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