SPI Daily 16th MAY 2011

Trend guide 4670

Trend bias is to continue down into Monday's lows @ 4645, which matches the spiral low @ 4645

Resistance 4691

 

SPI Weekly and Daily range

Looking for a completion of this downward leg @ 4645, and down into Monday’s lows.

Instead it remained below 4670 in a tight 21 point range.

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