SPI Daily 26th MAY 2010 recap

"Based on the current patterns in the Weekly range and trading below the MAY lows the market looks to be consolidating

Resistance 4378

Support 4301"



SPI Weekly and Daily range.

The SPI moves into resistance @ 4378 in early trading but then is pushed back down towards the daily lows resulting in consolidating trading day between 4378 & 4301

The SPI remains consolidating below the MAY low breakout and will probably find it hard to rise upwards unless the S&P 500 drags it up over night during the remainder of the month.

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