SPI Daily 4th November 2009 recap

Resistance as shown @ 4544.

I haven’t factored in an UP day,

Potential down move towards Wednesday’s lows.


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SPI Weekly and 5-day pattern



SPI consolidating in between the higher timeframe 50% levels, along with the levels in the 5-day range.

Early rise into the resistance levels and the R42 range completion @ 4454, and then the R42 completion on the downside @ 4513