SPI Daily 13th April 2011 recap

Wednesday will open around the daily lows, with a possible swing up 42 points towards 4936-4940

If below the daily lows, trend bias is down towards 4841
SPI Weekly and daily range


Early support from the Daily lows saw a 42 point rise upwards, and then the rest of the day moved into a consolidation pattern.

Current expectation remains that the SPI will continue down into 4841.

Any further short-term weakness in the SPI will also depend on whether the S&P remains above critical support levels @ 1300-1304, or not







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