SPI Futures 23rd March 2012 Daily recap

The SPI has reached the Weekly 50% level ,as the S&P 500 reached the Support levels overnight @ 1382-84.

The Trend bias on open up using 4250 & Friday's lows as Support

Resistance Daily 50% levels

SPI Weekly and Daily cycles
Friday's support has resulted in a 42 point rise up towards the Daily 50% levels.

After reaching the Weekly 50% level overnight, along with Friday's low support, we could see the market continue upwards over the next 2-days in the short-term

This will also depend on US markets moving higher on Friday, after the S&P 500 found support on Thursday @ 1382-84


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