SPI Daily 17th MAY 2011 recap

Trend guide 4658

either it's going to move down into Tuesday's lows @ 4633

or follow a swing back towards 4679, and as high as 4705,
based on the Quarterly 50% levl @ 4649 forming support

SPI Weekly and Daily range


Early rise upwards from 4650 hitting the first level @ 4679, which resulted in a 21 point reversal back down into the trend guide @ 4658 (24 hour level not shown)...

4658 then formed support, which saw Tuesday rise up towards 4705...

 and could possibly continue towards the Weekly level @ 4738, depending on the price action in the S&P 500 overnight.





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