SPI Daily 23rd June 2010 recap

If there is going to be a rise upwards in the Australian market it's going to occur from the Weekly 50% level and the day lows on Wednesday

Support 4499 (Daily lows)

High risk trading longs below 4499



SPI Weekly & daily Range.

SPI opens below the June 50% level @ 4519 and moves down into the daily lows @ 4499

Expectation of a 21- 42 point rise back upwards failed to materialize, and the market has continued down past the Weekly 50% level.

A daily close below the lows @ 4499 can often continue lower on Thursday depending on the price action in the S&P overnight.




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