SPI Futures 5th January 2012 Daily Recap

Today is opening below the Weekly 50% level @ 4154/58, which has a bias to move down into the 50% levels @ 4114 (Support 4104)

SPI Weekly and Daily

Market open inside the Weekly 50% level and channel highs @ 4154/58

And proceeded to move down into Daily support levels (low 4105), which failed to provide more than 21-points of support.

SPI continues to remain above Key monthly support levels @ 4088.

Any further gains will depend on US markets moving upward tonight, and the SPI opening above the Weekly 50% level.











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