SPI Daily 4th July 2011 recap

Resistance 4638-45

Trend guide 4607

Support 4592



   SPI Weekly and Daily range

 Expectation that around the resistance levels on monday price would move down (min 21 points) into the trend guide @ 4607.

4607 was a random support level, that was either going to push the SPI back towards the highs…Or it was going to fail,  and then see the trend move down into the Weekly level @ 4592.

That weekly level @ 4592 is now the trend guide for the rest of this week, as part of a move towards the Weekly highs & July 50% level @ 4675-86 (or not)





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