SPI Daily 22nd June 2011 recap

Wednesday's 5-day high is @ 4545, which can form resistance on today's higher open, may push the Market back down into 4524…(Weekly level)

if below 4524, the target and exit for today is 4514




SPI Weekly and Daily range…

Current price action continues to be part of a counter-trend move upwards from the June lows...

however, today’s higher open aligned with daily resistance @ 4545.

Market pull backed into the trailing target of 4524 & then 4514 (random support)

The rest of this week will be defined by the Weekly level @ 4524.







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