SPI futures Australian Stock Market 19th January 2012 Daily recap

Today's trading is based on whether the market remains above the Weekly & daily highs @ 4211-15

or whether Thursday's spiral top @ 4228 pushes the SPI back down towards 4193 (random support) (42 points)

SPI Daily and Daily cycles

Initial move down from the spiral filter @ 4228 (21 points) settled below the daily highs @ 4215.

Negative unemployment numbers help push the SPI back down 42 points towards the Trailing support levels in the daily range.



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