SPI Futures 22nd March 2012 Daily recap

Thursday's lows match the Weekly 50% level, which is also 84 points down from this week's highs.


Therefore there is a ton of support around 4244-46

if the market is above 4277 ( 90 minute close), then it's trying to move towards 4298 & the Weekly level @ 4300 (resistance)

SPI Weekly and Daily cycles

 Sadly the SPI didn’t move down into support (4244/46) to capture the move UP towards 4298/4300 (resistance).

The Rest of the day remained within the daily channels



Posted by