SPI Daily 28th October 2010 recap

Above 4659-62 we have a similar pattern as yesterday, however this time the trend bias is to move towards the next pink filter @ 4700.

4700 is seen as random resistance (spiral top)



SPI Weekly and Daily range.

SPI opened lower and move back into 4659-62.

This was seen as a resistance level to begin with, until the market moved above 4662..

once above the expectation was to follow the spiral pattern from 4662 to 4700.

 4700 completed then move and  price reversed down 21 points and consolidated.

1 day left until the market moves from October into November



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