SPI Daily 22nd November 2010 recap

"If the market opens higher today and moves up into resistance levels @ 4678-82 early, then I'll be looking for a move back down towards 4642

Same pattern as Friday"
 
                                                                       SPI Weekly and Daily range.

Same pattern as Friday with an initial move upwards in early trading, but then sellers appearing after 11:20, as the market hits dynamic resistance zones on Monday

Downside target was 4642

With an intra-day exit zone @ 4651 as per intra-day reports.





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