SPI Daily 18th MAY 2011 recap

my view is that the SPI will move upwards today, however, I'm not sure whether the market will continue higher than 4711-14 today.

Trend guide 4679

SPI Weekly and Daily range...

Early rise up from 4679, with a completion into resistance levels @ 4711-14.

Resulting another consolidating trading day with little range movement

The price action in US markets suggests that the trend can rise upwards, as the market swings back towards the Weekly level @ 4738....

but Wednesday's levels wouoldn't allow it. (less probability)

• Daily Trading Set-ups & Analysis

Index Futures SPI, DOW S&P, & Forex

Subscribe to the Trader Premium

http://www.datafeeds.com.au/premiumtrader.html