SPI Futures Australian Stock Market 19 August 2011 recap

Trend guide the Weekly and Daily lows @ 4114/ 4122…


The market could remain below 4122 for most of the day, and then make a move towards 4137 after 2.50pm

SPI Weekly and Daily range.



As noted in yesterday’s report:- Thursday's sell pattern should see Friday open around the Weekly levels @ 4122-54.

In fact the Market opened below the Weekly levels, 4122 formed resistance,  and then pushed the SPI lower into the close after 2:50pm.

As per Weekly reports, the expectation the market is moving down towards the Weekly lows, and then the September lows….

Weekly Report out tomorrow....
















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