SPI Futures 16th April 2012 Daily report

Note:- The next spiral filter (pink) & will form around 4293...

And will define whether the first 90 minute moves up into 4328 (resistance 4328/

or moves down towards Friday's level @ 4269

SPI Weekly and Daily cycles

Early rise from the Spiral filter @ 4293 (21 points)...

But a failure to continue higher, as the Weekly 50% level @ 4309 formed Resistance

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