SPI Daily 8th June 2011 recap

Today's trend guide is yesterday's level @ 4551

if above it is once again moving up towards 4581,

if below 4551 the trend bias towards Wednesday’s lows @ 4513-20.(random support)



SPI Weekly and Daily

Higher daily open moved up towards 4581, but it then reversed down and moved below 4551.

Further weakness saw the market continue down into Wednesday’s lows @ 4520 (24 hour), finding support.

Current trend continues to suggests the market is moving down into the June lows @ 4460-62.

once again that will depend on whether the S&P remains below the Weekly level

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