SPI Daily 19th October 2010 recap

"My view is that price is trying to rise upwards and test 4688.



Which then becomes the trend guide on whether the market goes down. Anything below 4688, we begin to hold trades longer"


SPI Weekly and Daily range
 
SPI  moves down into 4669 and then rises up into 4688, which then becomes the 'sell' zone (Hold shorts) 


The sell off didn't move down as far as I would like during the day session...

However, that sell off will now depend on price action in US markets overnight


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