SPI Futures Australian Stock Market 24th October 2011 recap

Whilst the trend is above 4186 the trend bias is UP.

And today is based on whether the trend continues towards Monday’s high (4262-74), as the Weekly level @ 4218 comes into play.


SPI Weekly and Daily

 Early rise upwards from 4186 resulted in a timeframe closing bar above the Weekly level @ 4218…

We then had a ‘no control’ pattern, resulting in support forming above 4218

And then an extension upward in the next 2 bars towards Monday’s highs (4262-74)



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