SPI Futures 16th March 2012 Daily recap

Resistance 4316/17 :- Weekly and Daily highs.

Trend guide 4296, if below possible move back down towards the daily 50% level @ 4256


SPI Weekly and Daily cycles

Price didn't reach the resistance levels...

and whilst below 4296 didn't reach the Daily 50% level, which would have closed  'Tuesday's Gap'.

Instead it remained with a tight trading range of 21 points, as the market remained above the Weekly level @ 4284
Weekly report out tomorrow