SPI Daily 2nd July 2010 recap

If the R42 range moves upwards and completes the range, then 4251 can set-up another move down into the lows once again @ 4207

However it might take a couple of hours for that to happen...

Resistance 4251

Support 4207 SPI Weekly and daily range

Higher daily open around 4251 and a choppy R21 range either side of 4251.

Once 11.20 was over and the market settled below 4251 the bias was to continue down to support @ 4207


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