SPI Daily 15th July 2011 recap

The SPI is trading below the Weekly lows @ 4468/70, with a trend bias to continue lower.

Support 4440

SPI Weekly and Daily range


The SPI opened below the Weekly lows, therefore there was a view that the Market would continue down whilst 4468/70 would form resistance

The daily level @ 4440 was used once again in early trading as support, for a move up towards the resistance levels of 4468/70


The market rose 21 points, but once again slipped back down to close around 4440.

Weekly report out tomorrow







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