SPI futures Australian Stock market Daily 24th August 2011 recap

4218 to 4231 can act as resistance..


if below the Weekly 50% level @ 4206 it’s closing yesterday’s gap

SPI Weekly and Daily range…

Early resistance around the channel highs @ 4218 pushed the market down 21 points into the Weekly 50% level @ 4206…


And then down further than expected towards the Weekly level and the daily 50% level.