SPI Daily Australian stock market 16th September 2011 recap

similar pattern as yesterday would see a move down from 4157 and close yesterday's gap (high)....(42 points)

if above 4157, then the trend bias is up towards 4173 to 4182.



SPI Weekly and Daily cycles

 Early resistance around 4157, but a failure to continue down to close yesterday's gap (21 to 42 points).

Instead price has continued upwards and stalled at Friday's highs @ 4173, with late selling

Depending on the price action in US markets overnight... Friday's high pattern could lead off with a 2-day reversal pattern next next week with a downward bias.






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