SPI fuutres Australian stock Market 21st October 2011 Recap

There is the possibility of weakness based on the levels of 4168-76 forming resistance...

and the price action follows a break and extend pattern from Thursday's lows towards Friday's lows. (42 points down)

SPI Weekly and Daily

Market was trading below the Weekly level @ 4176, and also below Thursday's breakout @ 4175.

Daily level @ 4168 formed resistance  and pushed the SPI down towards Friday's lows....

not 42 points but 41 points precisely.

Weekly report out tomorrow

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