SPI Daily 28th June 2011 recap

The trend guide is based on the Weekly level @ 4487, and whether the market is rotating towards the July 50% levels...or moving down into the July lows.

Resistance 4497/98.



SPI Weekly and Daily range…

Resistance came into the market around 4497/98 and push the market below 4487, which in turn pushed the market towards the Daily lows.

The market continues to remain within the downward trend and the ‘ rejection-pattern’ from the June 50% level towards the July lows.











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