SPI Futures Australian Stock Market 28th December 2011 Daily recap

Today's trend bias is based on the Monthly 50% level @ 4134

Along with the levels in the daily Range.

SPI Weekly and Daily cycles.

Higher daily open and sell down, as the market remains below the December 50% level @ 4134

And for most of the remaining day, price has been consolidating in 21 point ranges below the Weekly level @ 4083…

And above the Daily level @ 4068.

Last week of the month, Quarter and Year and current price action doesn’t bode well coming into the start of a new Primary cycle for 2012.




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