SPI Daily 7th April 2011 recap

Trend guide 4943

Above 4943 and there are random resistance levels around 4962-69

Below then the first target is yesterday's levels @ 4924, as this could support the trend once again, but there's always the possibility that price moves down towards the 5-day 50% level and towards the 5-day lows.




SPI Weekly and Daily range.

The market didn’t move up towards the Weekly highs, instead it remained below 4943 for most of the day, without continuing lower.

The expectation of the market completing the move into the Weekly highs on Friday will be determined by whether the S&P 500 remains above 1322, or not.