SPI Daily Australian stock market 13th September 2011 recap

Trading range between 4067 & 4117


SPI Weekly and Daily cycles

After the Weekly lows @ 4022 has supported the market, there was a bias for Tuesday to remain above 4067 with the expectation that price would move up as high as 4117.

However, the weekly level @ 4082 continues to resist the trend from rising.

I still have the expectation that price is moving down into the September lows, but those weekly lows need to break...and that will depend on how the S&P500 fairs overnight











Posted by