SPI futures Australian Stock Market 25th January 2012 Daily recap

I have the same view as yesterday, and that the Weekly level support @ 4186 will try 2nd the market up towards the weekly highs

Trend guide 4197-4200

Random resistance 4223

SPI Weekly and Daily cycles

Early rise up into Wednesday’s highs….

And then further buying towards higher highs, as the market began to consolidate above 4223.

Ideally I would have liked to have seen the SPI touch the daily 50% levels (4200) before it continued higher, but that wasn't the case.