SPI futures Australian Stock Market 25th October 2011 Daily recap

Today's trading is based on whether the Tuesday’s highs @ 4284 pushes the SPI down more than 21 points towards 4247...

and possibly as low as 4215-18

SPI Weekly and Daily range.


The SPI sold down on open, but not from the resistance level @ 4284 (Tuesday’s highs), as I hoped for
First target down was 4247, but then this didn’t hold support…

and the rest of the day proceeded to move back down into the daily 50% levels, which aligned with the Weekly level @ 4218 (21 point support)



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