SPI Daily 18th November 2010 recap

Resistance 4658

Support 4631-4633

We have a lower daily open and if the market is above 4633 then there is an expectation that price is moving back towards 4658:- resistance.

 
                                                              SPI Weekly and daily range.

Lower daily open and consolidation above support levels @ 4631-33…..

And then a late rise up towards 4658.

Depending on the price action in US markets….

There is the gap fill from Tuesday @ 4688 that needs to be filled…

Otherwise the SPI will open lower tomorrow, if US markets continue with the trend and move lower overnight.



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