SPI Futures 2nd March 2012 Daily recap

Trend guide in the first 90 minutes is based on 4273/77

it's either going to move down, with an expected support zone around 4257...(Daily & spiral filter)...and then a higher daily close

above 4273/77, and trend bias is up towards ( Friday's highs), whilst 4292 can continue to act as resistance (Quarterly 50% level)

SPI Weekly and Daily cycles

 Early push upwards of 21 points from 4273/76, but then a reversal downward once again as it nears the Quarterly 50% level @ 4292

The market remained flat without reaching the Support level @ 4257....



Weekly Report out tomorrow



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