SPI Futures Australian Stock Market 2011 Daily recap

Trend bias is based on the two levels on Friday…(4268 & 4292)

Either it remains choppy between those levels

Or above 4292 could see a move up towards the Weekly level @ 4334 once again.

SPI Weekly and Daily

 Early selling pressure on the SPI, which could have resulted in further weakness if it remained below @ 4268…

But the natural path was to follow the Weekly 50% level support pattern and rise up towards a higher Daily & Weekly close once it started to trade above 4292.


Weekly Report out tomorrow


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