SPI Futures 4th January 2012 Daily recap

The SPI is now above the January 50% level @ 4088...


This level along with the Weekly level @ 4080 is seen as Support.


Trend bias is up towards the Weekly 50% level @ 4154 (Wednesday's highs)...


and as high as 4250 this month.

SPI Weekly and Daily cycles

As noted in yesterday’s report, it won’t take much for the SPI to move above the January 50% level, along with bullish Primary cycles in US markets….(S&P 500)

Today opened above 4088, and continued with its own breakout pattern @ 4142 (Wednesday's highs)
 current price action should see this week continue to push higher…..(Weekly highs)

Trend guide the Weekly 50% level @ 4154





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