SPI Futues 14th March 2012 Daily recap

Resistance 4316…

Any weakness is likely to remain above Wednesday’s highs 4270-73.

Breakout is likely to extend higher on Thursday

SPI Weekly and Daily cycles

Market didn’t hit resistance levels in early trading @ 4316 (Weekly highs)

And the market didn’t complete the move down into 4270-73.

Instead it remained above the Weekly level @ 4285…

And is likely to continue higher tomorrow or overnight.




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