SPI futures 7th February 2012 Daily recap

Trend guide in early trading is once again the spiral filter @ 4274....

which could act as resistance, and push the market down into the 5-day 50% level @ 4242-44

Next spiral filter will form @ 4236 (support)

SPI Weekly and Daily cycles

SPI moved down 42 points from spiral filter to spiral filter @ 4274-4236.

currently trading around the Weekly level, as the market continues to BUTT its head around the higher timeframe levels.

Any further gains will be helped or hindered by US markets moving upwards overnight (or not)