SPI Futures 9th December 2012 Daily recap


Today's trading is based on whether this week's lower open rises up from the January 50% level @ 4088:- First target Weekly 50% level @ 4118

or follows Monday's pattern towards the lower Weekly level @ 4050 (random support)


SPI Weekly and Daily cycles

 Early rise upwards from the January 50% level, but a failure near the Weekly 50% level has seen the market reverse 42 points and begin trading below a key level in the market.

Until late buying propped the market up, as it remains choppy around the higher timeframe 50% levels.




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