SPI Daily 26th July 2011 recap

Support 4506

Trend 4532

Resistance 4561

SPI Weekly and Daily range

 I still have the view that the market is rising upwards, and rotating back towards the August 50% level.


However, the SPI failed to rise up into the resistance level, to close Friday’s gap @ 4561

And it also failed to move down into the Support level @ 4506…

Resulting in a trading range either side of the Weekly 50% level, and an inside day.






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