SPI Daily 17th June 2011 recap

Friday’s trading is based on whether price consolidates above the support levels @ 1259, and sets up new weekly levels for next week, that will provide a potential continuation upwards:- short-term counter-trend move.

Support 1259-1261 (8.5 to 14 points)



S&P Weekly and Daily range....

8.5 to 14 point rise upwards from 1259/61 of 14 points has resulted in the S&P remaining above the June low support levels...

This has set-up new levels for next week, that will be used for a potential short-term counter-trend move upwards.

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