SPI Daily 23rd November 2010 recap

My view is that for the Aussie market to move higher I would like to see the monthly support levels @ 4571-4582 be tested this week

Trend guide 4645

Random support Daily lows


                                                                   SPI Weekly and Daily range

Resistance around the trend guide in early trading @ 4645 had a bias to move down to at least 4626 and the next pink filter.

After that it became a random pattern due to the probability of support around Tuesday’s lows, or whether the trend continues down into major support levels, as shown in the Weekly report.

It starts to get interesting from tomrrow...



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