SPI Futures 30th December 2011 daily recap

Resistance @ 4085/88

Gap closure @ 4051 (random support). (21 points down from the spiral filter @ 4075)

it's either going to remain choppy in between 4051 & 4085/88....or NOT


SPI Weekly and Daily

Market moved down from the spiral filter @ 4075 into 4051

4051 provided support some, but it then failed at the 5-day 50% level @ 4065, and continue to move lower, as it follows the Weekly cycles