SPI Daily 26th October 2010 recap

"Probable pattern:- The brown filter @ 4691-93 supports the market in early trading and moves back into 4709-712.
this will then form resistance and push the market back down"



SPI Weekly and daily range.

Market opened at resistance and pushed price down into 4691-93.

4691 being 42 points down from yesterday’s highs.

The rest of the day then moved into a consolidating pattern between the levels in the daily range.

Market remains trading around the Weekly highs,  and there is 1 week to go until a shift in the monthly dynamics from October into November.





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