SPI Daily 21st Juyl 2011 recap

Trend guide 4528 & Resistance 4546


Today's trading is based on whether the market continues to move upwards, as part of Yesterday's brekout


or whether there's a 2-day reversal towards the 'gap' closure @ 4458....

SPI Weekly and Daily range

Today completed the break and extend pattern from Wednesday's highs @ 4500 into today's highs 4546.

There is still the possibility that there will be a gap closure down towards @ 4458.

However, the current price action from the July lows suggests a higher Weekly close by Friday, as the market continues towards 4721.








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