SPI Daily 29th April 2011 recap

Trend guide 4893-97

today is based on whether the market closes on its highs...

or moves back down towards the Weekly lows, which begins to align with the MAY 50% level. (next Week)

SPI Weekly and Daily

 Friday opened below the Weekly 50% level @ 4893,  and unless the SPI was above 4397, the trend bias was down...

and once it broke the 5-day 50% level @ 4872, the trend bias was to follow the larger timeframe cycle patterns towards the Weekly lows.

Next week’s lows will also coincide with the next Month's  50% level, (MAY)

The MAY 50% level is the critical support level in the 2nd Quarter…

(Full analysis in tomorrow’s Weekly report)






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