SPI Daily 15th August 2011 recap

My view is that this week will continue upwards, as part of retesting the previous breakout @ 4321

SPI Weekly and Daily range

 
Early resistance of 21 points and retesting Friday’s highs…and now continuing towards Monday’s highs

As per Weekly report, there’s the expectation that the overall trend is moving upwards and retesting the previous weekly breakout @ 4321.

And, if US markets begin with a 3-day rally, then the SPI will be much higher…(#C)