SPI Daily 27th MAY 2011 recap

The critical level in the SPI today is going to be 4674

A higher daily open and trading below could see the SPI come back down 4648 Weekly lows (Support)

Above and it’s looking for a move back towards the Weekly level @ 4703 (first target 4693)




SPI Weekly and Daily range.

Early sell down from 4674, (21 points)….

But then it closed above 4676, with the first target reached @ 4693 (42 point range)…

And then 4674 became a support zone in late trading (21 points)

Any further gains will depend on whether the S&P 500 continues upwards on Friday (above 1324.50), and the SPI opens higher on Monday…









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