SPI futures Australian Stock Market 12th October 2011 Recap

Resistance 4262 (Weekly highs)

Trend guide is 4219, & if below it’s moving down towards 4152

 

SPI Weekly and Daily cycles

Market opened below 4219 and moved down, without reaching 4152.

Instead is completed a precise 84 point Primary range @ 4170, and then moved into a consolidation pattern for the rest of the day

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