SPI Futures 5th April 2012 Daily Recap

Whilst the market is below the Weekly level @ 4322, then trend bias is to continue back towards the April 50% level @ 4257

But for that to happen it will need to break the daily lows @ 4301.

SPI Weekly and Daily cycles

Early resistance @ 4322 pushed the market down 21 points into Thursday's lows @ 4301

However, instead of remaining below 4301 and continuing down into the monthly 50% level @ 4257

Buyers came into the market puhsing the SPI upwards and 42 points into the close.




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