SPI Daily 15th April 2011 recap

There is a bias to move upwards in early trading using 4891 as support, and back towards 4922, which is seen as resistance

Therefore, the first targets exits are 4902, and then 4920

Note:- if the market fails at 4903 and closes below 4891 the trend bias is down towards 4857. (Friday lows random support @ 4850-57)



SPI Weekly and Daily range…

Early rise upwards from 4891, but the market failed to remain above 4903.

Once price move back below 4891, the trend bias was towards Friday’s lows, as part of a move towards the Weekly level @ 4841 from the highs in April @ 4978





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