SPI futures Australian Stock Market 30th January 2012 Daily Recap

If the market opens higher around 4261/65 is seen as a random resistance zone until the next spiral filter is formed around 4238.

This aligns with the daily levels :- Support

SPI Weekly and Daily cycles

Resistance formed @ 4261 and pushed price down into the daily levels @ 4238.

These levels formed support, but failed to complete the minor range of 21 points.




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