SPI futures Australian Stock Market 20th January 2012 Daily recap


Trend guide 4220.

My view is that the SPI is moving up towards Friday's highs.

If Below 4220, trend bias is down into 4196 (random support)


SPI Weekly and Daily cycles


Friday moved down into Support @ 4196, instead of moving up into the daily highs.

Those daily highs would have aligned with the first major level in the Primary timeframe @ 4250, as US markets begin move UP into their January highs.

Weekly Report out tomorrow.



Posted by Frank Dilernia