SPI Futures 28th February 2012 Daily recap

Trend bias is based on the Weekly level @ 4277...



whilst below the trend bias is down into the Tuesday's lower levels

SPI Weekly and Daily cycles

The SPI is trading within the weekly cycles, with the expectation that the current Quarter @ 4292 is acting as resistance.

Early rise up, but a failure under 4274-77 put pressure on the market to move lower...

without reaching 4242 or less