SPI Futures 4th April 2012 Daily recap

after a 2-day reversal and the market is above the Weekly level @ 4322, my view is that it will try and rise up towards the Weekly highs by tomorrow,

first target 21 points, and 4350 random resistance.
SPI Weekly and daily cycles

This week started with a 2-day reversal pattern, as part of  last Friday's high.

This completed and aligned with the Weekly level @ 4322, which formed support...

whilst the daily level @ 4350 stalled the market from rising.

A move up towards the Weekly highs by tomorrow is now dependant on whether US markets also rise up overnight.



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