SPI Daily 5th April 2011 recap

Trend bias @ 4911, and whether price continues to move towards Tuesday's highs, as part of a move towards the Weekly and monthly highs...

or whether there is a 2-day reversal back down towards the Weekly level @ 4813



SPI Weekly and daily range….

Early rise up from 4911, but a failure to keep it going towards Tuesday’s highs.

The market then remained in a tight holding pattern above 4911 until a late touch in afternoon trading( @4911) saw a push upwards into a higher daily close




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