SPI Daily 30th June 2011 recap

With the S&P 500 breaking above its 3-week highs, the reversal up from the June lows is likely to continue higher, as part of a move towards the monthly 50% levels

Above the Daily highs on Thursday @ 4543 (breakout), is likely to continue towards higher highs by Friday



SPI Weekly and Daily range

All the clues where in the S&P 500, as the breakout of the Weekly highs was going to drag the Aussie market higher, helped by 4543 forming support.

Thursday's highs provided support, along with the expectation that the trend would continue towards higher highs by Friday







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