SPI futures 6th January 2011 Daily recap

Today’s trading is based on whether the market remains below the Weekly 50% level @ 4151-54


SPI Weekly and Daily cycles….

SPI opened lower and proceeded to break the daily 50% level @ 4111…

Sending the SPI back down into the January 50% level @ 4088

Friday’s close below the January 50% level isn’t a good sign in the short-term, as it now resumes its Primary cycle trend…

As US markets struggle to move above their own Weekly highs.

Weekly level @ 4080 currently supporting the Trend, which dynamically shifts next week.

 Weekly report out tomorrow










Posted by